Yorozu Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Half Year and Full Year of Fiscal Year Ending March 31, 2020; Provides Dividend Guidance for the Second Quarter of 2020 and Year Ending March 31, 2019
August 06, 2019
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Yorozu Corporation reported consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company's net sales were ¥38,828 million compared to ¥41,423 million a year ago. Operating income was ¥191 million compared to ¥1,349 million a year ago. Net loss attributable to owners of the parent was ¥66 million compared net income attributable to owners of parent of ¥858 million a year ago. Net loss per share was ¥2.80 compared to net income per share of ¥36.11 a year ago.
The company provided consolidated earnings guidance for the half year and full year of fiscal year ending March 31, 2019. For the half year, the company expects net sales of ¥79,000 million, operating income of ¥450 million, net loss attributable to owners of parent of ¥330 million and net loss per share of ¥13.88.
For the year, on consolidated basis, the company expects net sales of ¥163,000 million, operating income of ¥2,500 million, net income attributable to owners of parent of ¥800 million and net income per share of ¥33.66.
The company expected to pay dividend of ¥12.00 per share for the second quarter of 2020.
The company expected to pay dividend of ¥13.00 per share for the year ending March 31, 2019.
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 Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Half Year and Full Year of Fiscal Year Ending March 31, 2020; Provides Dividend Guidance for the Second Quarter of 2020 and Year Ending March 31, 2019