Espec Corp. Revises Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and Fiscal Year Ending March 31, 2024
November 09, 2023 at 07:35 pm EST
Share
Espec Corp. revised consolidated earnings guidance for the six months ending September 30, 2023 and fiscal year ending March 31, 2024. For the six months ended September 30, 2023, the company now expects Net sales of JPY 27,200 million, Operating profit of JPY 2,300 million, Profit attributable to owners of parent of JPY 1,600 million and Basic earnings per share of JPY 73.29 whereas prior earning guidance that company issued on May 12, 2023 is Net sales of JPY 26,000 million, Operating profit of JPY 1,850 million, Profit attributable to owners of parent of JPY 1,300 million and Basic earnings per share of JPY 59.54.
For the fiscal year ending March 31, 2024, the company now expects Net sales of JPY 58,500 million, Operating profit of JPY 5,500 million, Profit attributable to owners of parent of JPY 4,000 million and Basic earnings per share of JPY 183.21 whereas prior earning guidance that company issued on May 12, 2023 is Net sales of JPY 56,000 million, Operating profit of JPY 5,000 million, Profit attributable to owners of parent of JPY 3,650 million and Basic earnings per share of JPY 167.18.
ESPEC CORP. is a Japan-based company mainly engaged in the equipment business, service business and others. The Company operates in three business segments. The Equipment segment is engaged in the provision of environmental testing equipment, providing environmental test equipment for testing the effects of temperature, humidity, and other environmental factors on automobiles, communications, and other electronic components, energy device equipment, providing charge and discharge evaluation systems, and electrode drying device used in battery manufacturing process, as well as semiconductor-related devices. The Service segment is involved in the provision of after services, engineering services and contract testing services; the rental of environmental testing equipment. The Others segment is involved in the environmental protection business and plant growing equipment business.
ESPEC CORP. 
