Tokuden Co., Ltd. Announces Consolidated Earnings Results for the Period Ended December 31, 2019; Announces Consolidated Earnings Guidance for the Period Ending March 31, 2020
February 13, 2020 at 01:00 am
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Tokuden Co., Ltd. announced consolidated earnings results for the period ended December 31, 2019. For the period, the company reported net sales of JPY 8,077 million against JPY 7,997 million for the same period last year. Operating profit was JPY 772 million against JPY 619 million for the same period last year. Ordinary profit was JPY 802 million against JPY 631 million for the same period last year. Profit attributable to owners of parent was JPY 552 million against JPY 436 million for the same period last year. Basic Earnings per share was JPY 698.82 against JPY 551.89 for the same period last year.
For the period ending March 31, 2020, the company expects Net sales of JPY 10,500 million, Operating profit of JPY 824 million, Ordinary profit of JPY 859 million, Profit attributable to owners of parent of JPY 597 million and basic EPS of JPY 755.17.
TOKUDEN CO., LTD. is a company engaged in the welding and welding-related businesses. The Company operates in two segments. The Works segment is involved in the welding of manufacturing machinery for the steel making, petrochemical, cement, home electrical appliance, automobile and food industries, as well as facility maintenance-related welding for the steel and non-ferrous metal industries. The Welding Materials segment purchases, manufactures and sells special welding materials, including flux wires, coated electrodes, various wire rods and pulverized materials. The Company is also involved in the sale of aluminum die-casting machine parts, including plunger sleeves, sprue bushes, plunger chips and ladles for automotive industry, the manufacture and sale of deodorization equipment, forced-air cooling apparatus.
Tokuden Co., Ltd. Announces Consolidated Earnings Results for the Period Ended December 31, 2019; Announces Consolidated Earnings Guidance for the Period Ending March 31, 2020