NIC Autotec, Inc. Announces Consolidated Quarterly Earnings Results for the Period Ended September 2019; Provides Earnings Guidance for the Full Year Ending March 31, 2020
November 01, 2019 at 02:00 am
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NIC Autotec, Inc. announced consolidated quarterly earnings results for the period ended September 2019. For the period, the company's net sales were JPY 3,508 million compared to JPY 4,166 million a year ago. Operating profit was JPY 147 million compared to JPY 326 million a year ago. Profit attributable to owners of parent was JPY 94 million compared to JPY 216 million a year ago. Basic earnings per share was JPY 17.43 compared to JPY 39.75 a year ago.
The company also provided earnings guidance for the full year ending March 31, 2020. For the year, the company expects net sales of JPY 9,050 million, operating profit of JPY 771 million, profit attributable to owners of parent of JPY 507 million and basic earnings per share of JPY 93.05.
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. Announces Consolidated Quarterly Earnings Results for the Period Ended September 2019; Provides Earnings Guidance for the Full Year Ending March 31, 2020
NIC AUTOTEC, INC. 
