Tsugami Corporation Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2021
May 26, 2020
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Tsugami Corporation provided consolidated earnings guidance for the first half and fiscal year ending March 31, 2021. For the first half, the company expects revenue to be JPY 24,000 million. Operating profit to be JPY 2,100 million. Profit attributable to owners of the parent to be JPY 1,200 million. Basic earnings per share to be JPY 23.20 per share.
For the full year, the company expects revenue to be JPY 45,000 million. Operating profit to be JPY 3,300 million. Profit attributable to owners of the parent to be JPY 1,900 million. Basic earnings per share to be JPY 36.74 per share.
TSUGAMI CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of automatic lathes, grinders, machining centers, rolling machines. The Company operates through Japan, China, India, Korea and other region five geography segments. The Company is also engaged in the related research and other services. The products include CNC precision automatic lathes, including independent opposed gang tool type, opposed gang tool type, gang-tool slede & turret and chuck work; CNC lathes, including M08JL8-II, M06JC-II; turning centers, including TMA8J, TMA8H and TMA8F; machining centers, including vertical machining centers and horizontal machining centers; grinding machines, including CNC cylindrical grinding machines and small grinding machines; rolling machines, including CNC precision rolling machines and precision rolling machines.