Sanyo Denki Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Interim Period Ending September 2019 and Full Year Ending March 31, 2020
July 25, 2019
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Sanyo Denki Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the period, the company reported, net sales of JPY 17,052 million compared to JPY 22,382 million a year ago. Operating profit of JPY 40 million compared to JPY 2,602 million a year ago. Loss of JPY 168 million compared to profit of JPY 2,161 million a year ago. Loss per share were JPY 13.97 against earnings of JPY 178.55 a year ago.
For the interim period ending September 30, 2019, the company expects revenue of JPY 36,500 million, operating profit of JPY 700 million, profit attributable to the owner of the parent of JPY 500 million and basic earnings per share of JPY 41.31.
For the full year ending March 31, 2020, the company expects revenue of JPY 81,400 million, operating profit of JPY 4,800 million, profit attributable to the owner of the parent of JPY 3,400 million and basic earnings per share of JPY 280.88.
SANYO DENKI CO., LTD. is a Japan-based company engaged in the production and sale of cooling fans, power supply devices and servomotors. The Company operates through five geographic segments including Japan, North America, Europe, East Asia, Southeast Asia. The Company is engaged in the cooling system business, power system business and servo system business. The cooling system business is engaged in the development, manufacture and sale of cooling fans and cooling systems. The power systems business is engaged in the development, manufacture and sale of uninterruptible power supplies, engine generators and power conditioners for photovoltaic systems. The servo system business is engaged in the development, manufacture and sale of servo motors, stepping motors, encoders, drive units and control systems.
Sanyo Denki Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Interim Period Ending September 2019 and Full Year Ending March 31, 2020