SEED Co.,Ltd. Reports Consolidated Earnings Results for the Nine Months Ended Dec. 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
February 06, 2020
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SEED Co.,Ltd. reported consolidated earnings results for the nine months ended Dec. 31, 2019. For the period, the company reported net sales of JPY 24,038 million compared to JPY 22,186 million a year ago. Operating income was JPY 1,450 million compared to JPY 1,393 million a year ago. Net income attributable to owners of the parent was JPY 711 million or JPY 28.44 per share compared to JPY 907 million or JPY 36.24 per share a year ago.
For the year ending March 31, 2020, the company expects consolidated net sales of JPY 33,100 million, operating income of JPY 2,100 million, net income attributable to owners of the parent of JPY 1,000 million or JPY 39.95 per share.
Seed Co Ltd is a Japan-based company mainly engaged in the research, development, manufacture and sale of contact lenses, as well as the sale of contact lens care products and other products. The Contact Lens and Care Products segment sells contact lenses, care products, and related products. Contact lens products include hard lenses, soft lenses, disposable lenses, orthokeratology lenses, and related products such as optical instruments. Contact lens care products include preservatives, cleaning solutions, enzymatic cleaning solutions, chemical disinfectants, storage cases, and others. The other businesses include eyeglass frames, eyeglass fixtures, intraocular lenses, and others.
SEED Co.,Ltd. Reports Consolidated Earnings Results for the Nine Months Ended Dec. 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020