Tokuden Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 2019; Provides Earnings Guidance for the Full Year Ending March 31, 2020
August 08, 2019 at 02:00 am
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Tokuden Co., Ltd. reported consolidated earnings results for the first quarter ended June 2019. For the quarter, the company's net sales were JPY 2,644 million compared to JPY 2,666 million a year ago. Operating profit was JPY 261 million compared to JPY 228 million a year ago. Ordinary profit was JPY 266 million against JPY 232 million a year ago. Profit attributable to owners of parent was JPY 182 million compared to JPY 159 million a year ago. Basic earnings per share were JPY 231.18 compared to JPY 201.66 a year ago.
The company provided earnings guidance for the full year ending March 31, 2020. For the full year, the company expects net sales of JPY 9,730 million, operating profit of JPY 645 million, Ordinary profit of JPY 658 million, profit attributable to owners of parent of JPY 453 million and basic earnings per share of JPY 573.02.
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. Reports Consolidated Earnings Results for the First Quarter Ended June 2019; Provides Earnings Guidance for the Full Year Ending March 31, 2020