NIC Autotec, Inc. Announces Consolidated Earnings Results for the First Quarter Ended June 2019; Provides Earnings Guidance for the Fiscal Year Ending March 2020
August 02, 2019 at 11:30 am IST
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NIC Autotec, Inc. announced consolidated earnings results for the first quarter ended June 2019. For the quarter, the company reported net sales of JPY 1,673 million against JPY 2,022 million a year ago. Ordinary profit was JPY 66 million against JPY 142 million a year ago. Profit attributable to owners of parent was JPY 42 million against JPY 94 million a year ago. Basic earnings per share were JPY 7.73 against JPY 17.33 a year ago.
For the year ending March 2020, the company expects net sales of JPY 9,050 million, operating profit of JPY 771 million, ordinary profit of JPY 771 million, profit attributable to owners of parent of JPY 507 million and basic earnings per share of JPY 93.05.
NIC Autotec, Inc. is a Japan-based company mainly engaged in the manufacture and sale of industrial machinery and parts. The Company operates in three business segments. The Alfa Frame segment is engaged in the development, design, manufacture and sale of aluminum construction frames and auxiliary parts for frames under the brand ALFA FRAME SYSTEM. The Device segment develops, designs, manufactures and sells devices constructed from Alfa Frames, such as cleaning machines, conveyors and packaging equipment, inspection equipment and clean booth products, as well as aluminum structures, including equipment structures and safe covers, among others. The Trading segment is engaged in the provision of industrial grindstones, machinery and equipment such as cutting processing machines, tools such as end mills, bolts and drills, as well as lubricants.
NIC Autotec, Inc. Announces Consolidated Earnings Results for the First Quarter Ended June 2019; Provides Earnings Guidance for the Fiscal Year Ending March 2020
NIC AUTOTEC, INC. 
