Koito Manufacturing Co., Ltd. Revises Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2024
October 31, 2023 at 02:00 am EDT
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Koito Manufacturing Co., Ltd. revised consolidated and non-consolidated earnings guidance for the year ending March 31, 2024. For the year ending March 31, 2024, on consolidated basis, the company expects net sales of JPY 945,000 million compared to previous guidance of JPY 934,000 million, operating income of JPY 66,000 million compared to previous guidance of JPY 67,000 million and profit attributable to owners of parent of JPY 48,500 million or JPY 155.33 per share compared to previous guidance of JPY 49,000 million or JPY 154.25 per share.
For the year ending March 31, 2024, on non-consolidated basis, the company expects net sales of JPY 348,000 million compared to previous guidance of JPY 346,000 million, operating income of JPY 24,500 million compared to previous guidance of JPY 23,000 million and net income of JPY 31,000 million or JPY 99.29 per share compared to previous guidance of JPY 32,000 million or JPY 100.74 per share.
KOITO MANUFACTURING CO., LTD. is mainly engaged in the manufacture and sale of automotive lighting equipment, aircraft parts, railway vehicles parts, electrical equipment and measuring equipment. The Company mainly operates in six segments, including Japan, China, Asia, North America, Europe and Others. The Companyâs major products include light-emitting diode (LED) head lamps, discharge head lamps, headlights, sign lamps, high mount stop lamps, halogen bulbs, miniature bulbs and other lamp fittings, control equipment for rail vehicles, roads traffic signals, traffic control systems, roads and tunnels illumination lamps, facilities illumination lamps, accommodation equipment, aircraft parts, electronic parts, head lamps cleaners, sheets for aircraft and rail vehicles, as well as environment control equipment. The Company is also engaged in the development and manufacture of forward monitoring operation support systems for advanced driver-assistance systems (ADAS) through subsidiary.
KOITO MANUFACTURING CO., LTD. 
