Mitsui Sugar Co., Ltd. Reports Consolidated Earnings Results for the Half Year Ended September 30, 2019; Provides Earnings Guidance for the Full Year Ending March 30, 2020; Announces Dividend for the Second Quarter Ended September 2019, Payable on December 6, 2019; Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2020
October 31, 2019 at 02:00 am EDT
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Mitsui Sugar Co., Ltd. reported consolidated earnings results for the half year ended September 30, 2019. For the quarter, the company reported net sales of JPY 56,861 million compared to JPY 51,020 million a year ago. Operating profit was JPY 3,054 million compared to JPY 4,971 million a year ago. Profit was JPY 1,677 million or JPY 63.90 per share compared to JPY 3,143 million or JPY 117.71 per share a year ago.
For the full year ending March 31, 2020, the company forecasts net sales of JPY 113,000 million, operating income of JPY 5,100 million and profit attributable to owners of parent of JPY 2,600 million or JPY 97.98 per share.
The company announced a second quarter dividend of JPY 25.00 per share for the second quarter ended September 2019, compared with JPY 55.00 per share paid for the same period a year ago. The dividend payable date is December 6, 2019.
The company expects to pay a year-end dividend of JPY 25.00 per share for the fiscal year ending March 31, 2020, compared with JPY 55.00 per share paid for the same period a year ago.
Mitsui DM Sugar Holdings Co Ltd, formerly Mitsui Sugar Co Ltd, is a Japan-based company mainly engaged in the manufacture and sale of raw sugar, refined sugar and sugar-related products. The Company operates in three business segments. The Sugar segment is engaged in the manufacture and sale of raw sugar, refined sugar and sugar-related products. The Food Science segment is engaged in the manufacture and sale of natural sweeteners, pigments, flavors, sugarcane extract, agar, bio products, nutritional therapy foods, and foods for swallowing disorders. The Real Estate segment is engaged in the leasing of land, stores and offices, as well as the provision of solar power generation business.
Mitsui Sugar Co., Ltd. Reports Consolidated Earnings Results for the Half Year Ended September 30, 2019; Provides Earnings Guidance for the Full Year Ending March 30, 2020; Announces Dividend for the Second Quarter Ended September 2019, Payable on December 6, 2019; Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2020