Daiken Co.,Ltd. Reports Consolidated Earnings Results for the First Quarter Ended May 2018; Provides Earnings Guidance for the Second Quarter Ending August 2018 and Fiscal Year Ending February 2019
July 06, 2018 at 12:00 pm IST
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Daiken Co.,Ltd. reported consolidated earnings results for the first quarter ended May 2018. For the quarter, the company reported net sales of JPY 2,464 million against JPY 2,404 million a year ago. Operating loss was JPY 60 million against operating profit of JPY 37 million a year ago. Ordinary loss was JPY 60 million against ordinary profit of JPY 34 million a year ago. Loss was JPY 44 million against profit of JPY 23 million a year ago. Basic loss per share was JPY 7.55 against earnings per share of JPY 4.05 a year ago.
The company provided earnings guidance for the second quarter ending August 2018 and fiscal year ending February 2019. For the second quarter, the company expects net sales of JPY 5,100 million, operating income of JPY 20 million, ordinary income of JPY 30 million, profit of JPY 20 million and net income per share of JPY 3.41.
For the fiscal year 2019, the company expects net sales of JPY 11,000 million, operating income of JPY 400 million, ordinary income of JPY 410 million, profit of JPY 250 million and basic earnings per share of JPY 42.57.
DAIKEN CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of building hardware, exterior building materials and exterior products. The Company operates through two business segments. The Building Related Products segment is engaged in the manufacture, sale and installation of exterior building materials, interior building materials, as well as home delivery boxes, door hangers, and household sliding door closers. The Real Estate Rental segment is engaged in the operation of rental apartments for singles and rental stores. Exterior building materials include shades, aluminum drainers, handrails for shades, exterior blindfolded panels. Interior building materials include inspection doors, pits, gratings, stainless steel entrance wiping mats, ceiling lighting louvers, aluminum pipes, curtain rails.
Daiken Co.,Ltd. Reports Consolidated Earnings Results for the First Quarter Ended May 2018; Provides Earnings Guidance for the Second Quarter Ending August 2018 and Fiscal Year Ending February 2019