Organo Corporation Announces Consolidated and Non Consolidated Earnings Results for the Year Ended March 31, 2020; Provides Earnings Guidance for the Six Months and Fiscal Year Ended March 31, 2020
May 12, 2020 at 04:00 am
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Organo Corporation announced consolidated and non consolidated earnings results for the year ended March 31, 2020. For the year, on consolidated basis, the company reported net sales of JPY 96,515 million against JPY 92,273 million a year ago. Operating profit of JPY 9,908 million against JPY 6,558 million a year ago. Ordinary profit of JPY 9,929 million against JPY 6,538 million. Profit attributable to owners of parent of JPY 7,162 million against JPY 4,452 million a year ago. Basic earnings per share JPY 626.05 against JPY 388.48 a year ago.
For the year, on non- consolidated basis, the company reported net sales of JPY 70,907 million against JPY 65,617 million a year ago. Operating profit of JPY 6,808 million against JPY 8,151 million a year ago. Profit was JPY 6,165 million against JPY 3,181 million a year ago. Basic earnings per share JPY 538.91 against JPY 277.56 a year ago.
For six months, the company estimates JPY 45,000 million. Operating profit of JPY 2,000. Ordinary profit of JPY 1,950 million. Profit attributable to owners of parent JPY 1,200 million. Basic earnings per share of JPY 104.77.
Forthe year ending March 31, 2021, the company estimates JPY 100,000 million. Operating profit of JPY 7,200 and profit attributable to owners of parent JPY 4,700 million. Basic earnings per share of JPY410.36.
ORGANO CORPORATION is a Japan-based company mainly engaged in the water treatment engineering business and functional products business. The Company operates through two business segments. The Water Treatment Engineering segment is mainly engaged in the manufacture, sale, maintenance and management of filtration equipment, pure water system equipment and other water treatment related equipment. The Functional Product segment is mainly engaged in the manufacture and sale of standard water treatment equipment, water treatment chemicals and food additives. The Company is also engaged in the chemical plant construction business.
Organo Corporation Announces Consolidated and Non Consolidated Earnings Results for the Year Ended March 31, 2020; Provides Earnings Guidance for the Six Months and Fiscal Year Ended March 31, 2020