Sumida Corporation Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2019; Provides Earnings Guidance for the Year Ending December 31, 2019
July 30, 2019
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Sumida Corporation reported consolidated earnings results for the second quarter and six months ended June 30, 2019. For the six months, on consolidated basis, reported sales of JPY 46,371 million compared to JPY 46,540 million a year ago. Operating profit was JPY 1,124 million compared to JPY 1,738 million a year ago. Quarterly profit was JPY 54 million or JPY 4.39 per basic share compared to JPY 765 million or JPY 26.32 per basic share a year ago. Diluted quarterly earnings per share were JPY 4.37 per basic share against JPY 25.87 per basic share a year ago.
For the second quarter, on consolidated basis, reported sales of JPY 23,172 million compared to JPY 23,838 million a year ago. Operating profit was JPY 524 million compared to JPY 1,281 million a year ago. Quarterly loss was JPY 63 million compared to profit of JPY 451 million a year ago. Basic quarterly earnings per share were JPY 0.17 per basic share against JPY 15.55 per basic share a year ago.
For the year ending December 31, 2019, on consolidated basis, the company expects net sales of JPY 92,000 million, operating income of JPY 2,200 million, profit attributable to owners of parent of JPY 500 million and basic quarterly earnings per share of JPY 18.43.
SUMIDA CORPORATION is a Japan-based company mainly engaged in the research and development, manufacture and sale of various electronic components. The Company operates in two geographical segments including Asia Pacific segment and European Union (EU) segment. The Company is engaged in the research and development, design, manufacture and sale of a range of high frequency coils and electronic components used for audio, video, office automation, automobile and industrial equipment applications. The major products of the Company include power inductors, power transformers, signal magnetic, sensors & actuators, power modules, automotive modules, magnetic materials, ceramics, EMS & flexible connections, among others.
Sumida Corporation Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2019; Provides Earnings Guidance for the Year Ending December 31, 2019