Yushin Precision Equipment Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Six Months and Full Year 2020; Provides Dividend Guidance for the Second Quarter and Full Year Ending March 2020
August 05, 2019
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Yushin Precision Equipment Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 5,428 million compared to JPY 4,982 million a year ago. Operating profit was JPY 667 million compared to JPY 443 million a year ago. Ordinary profit was JPY 618 million compared to JPY 431 million a year ago. Profit was JPY 451.502 million or JPY 12.69 per basic share compared to JPY 310.004 million or JPY 8.45 million a year ago.
For the first half ending September 30, 2019, the company expects consolidated net sales of JPY 10,500 million, operating profit of JPY 1,250 million, ordinary profit of JPY 1,250 million and net income attributable to shareholders of the parent company of JPY 900 million or JPY 26.24 per basic share.
For the year ending March 31, 2020, the company expects consolidated net sales of JPY 22,000 million, operating profit of JPY 2,800 million, ordinary profit of JPY 2,800 million and net income attributable to shareholders of the parent company of JPY 1,950 million or JPY 56.84 per share.
The company provided dividend guidance for the second quarter and full year ending March 2020. For the quarter, the company expected dividend of JPY 8 per share compared to JPY 8 per share paid in the same period ago.
For the full year, the company expected year end dividend of JPY 10 per share compared to JPY 9 per share paid in the same period ago.
YUSHIN PRECISION EQUIPMENT CO.,LTD. is a Japan-based company engaged in the development, manufacture and sale of take-out robots, other industrial equipment and systems for automating and streamlining operation of plastic injection molding plants. The Company operates through four geographic segments including Japan, the United States, Asia and Europe. The Company is mainly engaged in development, manufacture and sale of peripheral equipment including take-out robots for picking molded products from injection molding machines and labor saving systems, as well as the provision of after-sales service. The Company's main products are take-out robots for injection-molded plastic products, automated stock systems and labor-saving automation equipment, among others.
Yushin Precision Equipment Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Six Months and Full Year 2020; Provides Dividend Guidance for the Second Quarter and Full Year Ending March 2020