Nihon Seimitsu Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Provides Consolidated Earnings Guidance for Full Year Ending March 31, 2019
August 05, 2018
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Nihon Seimitsu Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2018. For the year, on consolidated basis, the company's the company's net sales were JPY 1,844 million compared to JPY 1,881 million a year ago. Operating loss was JPY 81 million compared to JPY 66 million a year ago. Ordinary loss was JPY 27 million compared to JPY 102 million a year ago. Net loss attributable to owners of parent was JPY 49 million or JPY 2.69 per share compared to JPY 105 million or JPY 5.70 per share a year ago.
For the full year ending March 31, 2019, the company expects net sales of JPY 7,576 million, operating income of JPY 101 million, ordinary income of JPY 30 million and net income attributable to owners of parent of JPY 16 million or JPY 0.91 per share.
Nihon Seimitsu Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of watch-related products and glasses frames. The Company operates in three business segments. The Watch-related segment is engaged in the manufacture and sale of watch external products such as watch bands and bezels made of urethane, titanium and ceramic. The Glasses Frames segment is engaged in the manufactures and sale of titanium products, as well as the purchases and sale of cell frames. The Others segment is engaged in the manufacture and sale of fishing equipment parts, health equipment, static elimination equipment, audio equipment parts, wearable related products, deodorants and others.
Nihon Seimitsu Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Provides Consolidated Earnings Guidance for Full Year Ending March 31, 2019