Ferrotec Holdings Corporation announced consolidated earnings results for the three months ended June 30, 2019. For the quarter, the company reported net sales of JPY 21,002 million against JPY 22,672 million a year ago. Operating income was JPY 2,094 million against JPY 2,707 million a year ago. Net income attributable to owners of parent was JPY 1,326 million or JPY 35.83 per basic share or JPY 35.81 per diluted share against JPY 683 million or JPY 18.47 per basic share or JPY 18.44 per diluted share a year ago.

The company provided consolidated earnings guidance for the six months and the fiscal year ending March 31, 2020. For the six months ending Sept. 2019, the company expected net sales of JPY 45,000 million, operating income of JPY 4,300 million and net income attributable to owners of parent of JPY 2,300 million or JPY 62.14 per share.

For the year ending Mar. 2020, the company expected net sales of JPY 92,000 million, operating income of JPY 8,800 million and net income attributable to owners of parent of JPY 4,700 million or JPY 126.98 per share.

The company provided dividend guidance for the second quarter and year ending dividend for the fiscal year 2020. For the second quarter, the company expected to pay dividend of JPY 12 per share compared to JPY 12 per share paid in the same period ago.

For the year ended, the company expected dividend of JPY 12 per share compared to JPY 12 per share paid in the same period ago.