Yorozu Corporation Reports Consolidated Earnings Results for the First Nine Months Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020; Provides Dividend Guidance for the Year Ending March 31, 2020
February 11, 2020
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Yorozu Corporation reported consolidated earnings results for the first nine months ended December 31, 2019. For the first nine months, the company reported net sales of JPY 117,265 million against JPY 123,619 million a year ago. Operating income was JPY 1,004 million against JPY 3,484 million a year ago. Ordinary income was JPY 416 million against JPY 3,646 million a year ago. Net loss attributable to owners of parent was JPY 396 million or JPY 16.69 per share against net profit attributable of JPY 2,080 million or JPY 87.53 per share a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2020. For the year, the company expects net sales of JPY 160,000 million, operating income of JPY 2,500 million, ordinary income of JPY 1,950 million and net income attributable to owners of parent of JPY 800 million or JPY 33.65 per share.
The company expect to pay year end dividend of JPY 13.00 per share for the year ending March 31, 2020 compared JPY 23.00 per share paid for the same period a year ago.
YOROZU CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of automotive mechanical parts, body parts and engine parts, and molds and equipment, as well as the development of business activities related to logistics, research and services related to each business. The Company operates through three regional segments including Japan, the Americas and Asia. The Company is involved in the manufacture and sale of automotive components, dies and facilities. The Company is also involved in the order receipt business, the development of parts, as well as the manpower dispatching and insurance agency business.
Yorozu Corporation Reports Consolidated Earnings Results for the First Nine Months Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020; Provides Dividend Guidance for the Year Ending March 31, 2020
YOROZU CORPORATION 
