Yamashin-Filter Corp. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020; Announces Year-End Dividend for the Year Ended March 31, 2019, Payable on June 27, 2019; Provides Dividend Guidance for the Second Quarter and Full Year Ending March 31, 2020
May 15, 2019 at 10:18 am EDT
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Yamashin-Filter CORP. reported consolidated and non-consolidated earnings results for the year ended March 31, 2019. For the year, the company reported net sales of JPY 13,811 million compared to JPY 13,168 million a year ago. Operating income was JPY 1,963 million compared to JPY 1,910 million a year ago. Ordinary income was JPY 1,915 million compared to JPY 1,824 million a year ago. Net income attributable to owners of parent was JPY 1,413 million or JPY 20.44 per share compared to JPY 1,249 million or JPY 19.71 per share a year ago.
For the year, on non-consolidated basis, the company reported net sales of JPY 12,584 million compared to JPY 11,831 million a year ago. Operating profit was JPY 1,243 million compared to JPY 1,098 million a year ago. Ordinary income was JPY 1,397 million compared to JPY 1,415 million a year ago. Net income was JPY 1,035 million or JPY 14.97 per share compared to JPY 1,082 million or JPY 17.07 per share a year ago.
For the year ending March 31, 2020, the company expects consolidated net sales of JPY 13,000 million operating income of JPY 1,650 million, ordinary income of JPY 1,600 million and net income attributable to owners of parent of JPY 1,100 million or JPY 15.90 per share.
The company announced a year-end dividend of JPY 3.50 per share for the fiscal year ended March 31, 2019 compared to year-end dividend of JPY 2.20 per share paid for the year ended March 31, 2018. The dividend will be payable on June 27, 2019
The company expects to pay a second quarter dividend of JPY 3.00 per share, compared with JPY 2.50 per share paid for the same period a year ago.
The company expects to pay a year-end dividend of JPY 3.00 per share for the fiscal year ending March 31, 2020.
Yamashin-Filter Corp is mainly engaged in the development, manufacture, and sale of filter products for construction machinery, air filter products, and healthcare-related products such as masks for home use. The Company operates its business through three segments. The Construction Machinery Filter segment mainly develops, manufactures, and sells filters for construction machinery, industrial use, and process use. The Air Filter segment mainly develops, manufactures, and sells air filters. The Healthcare segment mainly develops, manufactures, and sells Yamashin original masks that utilize synthetic polymer-based nanofibers.
Yamashin-Filter Corp. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020; Announces Year-End Dividend for the Year Ended March 31, 2019, Payable on June 27, 2019; Provides Dividend Guidance for the Second Quarter and Full Year Ending March 31, 2020