Daiki Axis Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
June 16, 2020 at 09:30 am
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Daiki Axis Co., Ltd. reported earnings results for the first quarter ended March 31, 2020. For the quarter, the company reported net sales were mostly level YoY at JPY 9,593 million (down 1.6% year on year). Operating income increased to JPY 502 million (up 6.8% year on year), and ordinary income ascended to JPY 543 million (up 5.8% year on year). Profit attributable to owners of parent was JPY 280 million (down 7.1% year on year) due to the posting of extraordinary losses and the recording of an annual preferred dividend of 4.8% for classified stock issued by consolidated subsidiary Sylphid Inc.
Daiki Axis Co.,Ltd. is a Japan-based company primarily engaged in the environmental equipment and residential equipment-related business. The Company has three business segments. Its Environment Equipment-related segment mainly involves in the manufacture, construction, sale and maintenance of water treatment equipment, including septic tanks. This segment provides products used in wastewater treatment and industrial water treatment, as well as sewer water treatment equipment. The Residential Equipment-related segment mainly involves in the sale of residential and education-related facilities, as well as interior and exterior works. The Others segment mainly involves in the manufacture and sale of biodiesel, bottled water and pet goods.
DAIKI AXIS CO., LTD. 
