Furuno Electric Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ending November 30, 2019; Announces Interim Dividend for the year ended February 29, 2020
; Provides Consolidated Earnings and Dividend Guidance for the Full Year Ending February 29, 2020
January 13, 2020
Share
Furuno Electric Co., Ltd. announced consolidated earnings results for the nine months ended November 30, 2019. For the period, the company's Net Sales were JPY 62,582 million against JPY 59,729 million a year ago. Operating income was JPY 2,928 million against JPY 3,876 million a year ago. Net income was JPY 2,576 million against JPY 3,329 million a year ago. Net earnings per share was JPY 81.76 against JPY 105.66 a year ago.
The company provided consolidated earnings guidance for the full year ending February 29, 2020. For the year, the company expects net sales of JPY 82,000 million, operating income of JPY 2,500 million, net income of JPY 2,500 million and net earnings per share of JPY 79.34.
For the half year, the company announced interim dividend of JPY 10.00 per share against JPY 10.00 per share a year ago.
For the year, the company expects year end dividend of JPY 10.00 per share against JPY 15.00 per share a year ago.
Furuno Electric Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of marine electronic devices and industrial electronic devices based on sensor technology centered on ultrasonic waves and electromagnetic waves. The Company operates through three business segments. The Marine Business segment is engaged in the manufacture and sale of navigation equipment, fishing equipment, wireless communication equipment and others. The Industrial Business segment is engaged in the provision of medical equipment, intelligent transportation systems (ITS) equipment, global positioning system (GPS) equipment and aircraft electronics. The Wireless Local Area Network (LAN)/Handy Terminal Business segment is mainly engaged in the manufacture and sale of wireless LAN systems and handy terminals. The Company is also engaged in the electromagnetic environment test business, and digital communication business for the shipping industry.
Furuno Electric Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ending November 30, 2019; Announces Interim Dividend for the year ended February 29, 2020
; Provides Consolidated Earnings and Dividend Guidance for the Full Year Ending February 29, 2020
FURUNO ELECTRIC CO., LTD. 
