Tokuden Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020
May 16, 2019 at 02:00 am
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Tokuden Co., Ltd. announced consolidated and non-consolidated earnings results for the year ended March 31, 2019. For the year, on consolidated, the group reported net sales of ¥10,634 million against ¥9,283 a year ago. Operating income of ¥734 million against ¥588 a year ago. Profit attributable to owners of parent of ¥520 million or ¥658.59 per basic share compared to ¥429 million or ¥538.74 per basic share a year ago.
For the year, on non-consolidated, the group reported net sales of ¥10,433 million against ¥9,094 a year ago. Operating income of ¥730 million against ¥619 a year ago. Profit attributable to owners of parent of ¥518 million or ¥656.17 per basic share compared to ¥417 million or ¥524.56 per basic share a year ago.
For the year ending March 2019, the group expects to report net sales of ¥9,730 million, operating income of ¥645 million and profit attributable to owners of parent of ¥453 million or ¥573.02 per basic share.
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 and Non-Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020