Yushin Precision Equipment Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Revises Consolidated Earnings Guidance for the Year Ending March 31, 2020; Provides Dividend Guidance for the Year Ending March 31, 2020
February 05, 2020
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Yushin Precision Equipment Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2019. For the period, the company reported net sales of JPY 15,194.072 million against JPY 15,981.981 million a year ago. Operating profit was JPY 1,631.077 million against JPY 1,916.871 million a year ago. Profit was JPY 1,162.548 million against JPY 1,373.330 million a year ago. Earnings per share was JPY 33.06 against JPY 38.03 a year ago.
The company revised consolidated earnings guidance for the year ending March 31, 2020. For the year, the company expects net sales of JPY 20,000 million compared to previous guidance of JPY 21,000 million, operating profit of JPY 2,300 million compared to previous guidance of JPY 2,650 million and profit attributable to owners of parent of JPY 1,550 million or JPY 45.50 per basic share compared to previous guidance of JPY 1,850 million or JPY 54.29 per share.
The company provided dividend guidance for the year ending March 31, 2020. For the year, the company expects to pay a dividend of JPY 10.00 per share compared to JPY 9.00 per share a year 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 Nine Months Ended December 31, 2019; Revises Consolidated Earnings Guidance for the Year Ending March 31, 2020; Provides Dividend Guidance for the Year Ending March 31, 2020
YUSHIN PRECISION EQUIPMENT CO., LTD. 
