Ichikoh Industries, Ltd. Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2019; Provides Dividend Guidance for the Year Ending December 31, 2019
November 06, 2019
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Ichikoh Industries, Ltd. reported consolidated earnings results for the nine months ended September 30, 2019. For the period, the company reported net sales of JPY 100,296 million compared to JPY 105,188 million a year ago. Operating Income was JPY 5,520 million compared to JPY 7,182 million a year ago. Net income attributable to the shareholder parent company was JPY 3,832 million compared to JPY 6,066 million a year ago. Net income per share was JPY 39.87 compared to JPY 63.15 a year ago.
The company provided consolidated earnings guidance for the year ending December 31, 2019. For the year, the company expects net sales to be of JPY 134,000 million. Operating income expected to be of JPY 7,800 million. Net income attributable to the shareholder was parent company was JPY 5,000 million. Net income per share expected to be of JPY 52.03.
The company provided dividend guidance for the year ending December 31, 2019. For the year, the company expects to pay a dividend of JPY 3.50 per share against JPY 4.50 per share a year ago.
ICHIKOH INDUSTRIES, LTD. is a Japan-based company mainly engaged in the manufacture and sale of automobile components. The Company operates in two business segments. The Automotive Parts business segment is mainly engaged in manufacture and sales of automotive lighting products and mirror products to automobile manufacturers. The Supplies business segment is engaged in manufacture and sales of automotive valves and wipers mainly for the aftermarket.
Ichikoh Industries, Ltd. Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2019; Provides Dividend Guidance for the Year Ending December 31, 2019