KYORIN Holdings, Inc. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the First Half of Fiscal Year 2020 and Year Ending March 31, 2020
July 30, 2019
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KYORIN Holdings, Inc. reported consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 25,749 million against JPY 25,131 million a year ago. Operating income was JPY 1,575 million against JPY 1,320 million a year ago. Ordinary income was JPY 1,827 million against JPY 1,596 million a year ago. Profit attributable to owners of parent was JPY 1,280 million against JPY 1,077 million a year ago. Net income per share was JPY 22.36 against JPY 14.60 a year ago.
For the first half of fiscal year 2020, the company expects consolidated net sales of JPY 52,100 million, operating income of JPY 2,300 million, ordinary income of JPY 2,500 million, and profit attributable to owners of parent of JPY 1,900 million or JPY 33.17 per share.
For the year ending March 31, 2020, the company expects consolidated net sales of JPY 114,100 million, operating income of JPY 9,100 million, ordinary income of JPY 9,600 million, and profit attributable to owners of parent of JPY 7,100 million or JPY 123.94 per share.
Kyorin Pharmaceutical Co Ltd, formerly Kyorin Holdings Inc, is a Japan-based company mainly engaged in the pharmaceuticals business. The Pharmaceuticals segment is mainly engaged in the manufacture, purchase, sales and testing of pharmaceutical products, the purchase of raw materials for pharmaceuticals, the evaluation of technologies, the inspection, analysis and negotiation of license affiliations, the operations related to clinical trials and information gathering such as searching for drug discovery seeds, as well as the drug candidate compound discovery research and compound evaluation business. The Company also conducts the diagnostic businesses and verifies and creates research targets that are directly linked to drug discovery.
KYORIN Holdings, Inc. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the First Half of Fiscal Year 2020 and Year Ending March 31, 2020