Toyo Seikan Group Holdings, Ltd. Announces Earnings Results for the Quarter Ended June 30, 2019; Provides Earnings Guidance for the Second Quarter 2020 and Year Ending 2020
July 31, 2019
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Toyo Seikan Group Holdings, Ltd. announced earnings results for the quarter ended June 30, 2019. Net sales were JPY 200,777 million compared to JPY 205,365 million a year ago. Operating income was JPY 8,151 million compared to JPY 12,086 million a year ago. Ordinary income was JPY 7,575 million compared to JPY 14,330 million a year ago. Loss attributable to owners of the company was JPY 5,868 million compare to income of JOY 8,296 million a year ago. Net loss per share was JPY 30.35 compared to JPY 41.16 a year ago.
For the second quarter, the company expects sales of JPY 410,000 million, Operating income of JPY 15,500 million, Loss attributable to owners of parent of JPY 1,000 million. Net loss per share of JPY 5.17.
For the full year, the company expects sales of JPY 795,000 million, operating income of JPY 26,500 million, Loss attributable to owners of parent of JPY 5,500 million. Net income per share was JPY 28.45.
Toyo Seikan Group Holdings, Ltd. is a Japan-based packaging container manufacturer. The Company operates in four business segments. The Packing Container Related segment is engaged in the manufacture and sale of cans for canning and other metal products, plastic, glass and paper products, as well as the contract manufacture and sale of aerosol products and general goods filing. The Steel Plate Related segment is engaged in the manufacture and sale of steel and processed steel plates. The Functional Material segment offers disk substrates, optical function films, glazes and gel coat. The Real Estate segment is engaged in the leasing of buildings and commercial facilities. The Others segment is engaged in the manufacture and sale of hard alloy, machineries and tools, agricultural materials, the sale of petroleum products, as well as the insurance agency business.
Toyo Seikan Group Holdings, Ltd. Announces Earnings Results for the Quarter Ended June 30, 2019; Provides Earnings Guidance for the Second Quarter 2020 and Year Ending 2020