NIC Autotec, Inc. Announces Consolidated Earnings Results for the First Quarter of June 2020
August 07, 2020 at 02:00 am
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NIC Autotec, Inc. announced consolidated earnings results for the first quarter of June 2020. For the quarter, the company reported net sales of ¥1,298 million against ¥1,673 million a year ago. Operating loss of ¥38 million against operating profit of ¥66 million a year ago. Loss attributable to owners of parent of ¥29 million or ¥5.48 basic per share against profit attributable to owners of parent of ¥42 million or ¥7.73 basic per share a year ago.
NIC Autotec, Inc. is a Japan-based company mainly engaged in the manufacture and sale of industrial machinery and parts. The Company operates in three business segments. The Alfa Frame segment is engaged in the development, design, manufacture and sale of aluminum construction frames and auxiliary parts for frames under the brand ALFA FRAME SYSTEM. The Device segment develops, designs, manufactures and sells devices constructed from Alfa Frames, such as cleaning machines, conveyors and packaging equipment, inspection equipment and clean booth products, as well as aluminum structures, including equipment structures and safe covers, among others. The Trading segment is engaged in the provision of industrial grindstones, machinery and equipment such as cutting processing machines, tools such as end mills, bolts and drills, as well as lubricants.
NIC AUTOTEC, INC. 
