Howa Machinery, Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2020
August 05, 2020 at 02:00 am EDT
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Howa Machinery, Ltd. announced consolidated earnings results for the first quarter ended June 30, 2020. For the quarter, the company reported net sales of JPY 4,059 million against JPY 4,721 million a year ago. Operating loss was JPY 43 million against operating profit of JPY 112 million a year ago. Profit attributable to owners of parent were JPY 2 million JPY 124 million a year ago. Basic earnings per share was JPY 0.17 against JPY 10.08 a year ago.
Howa Machinery,Ltd. is a Japan-based company mainly engaged in the manufacture and sale of machine tools, pneumatic hydraulic equipment and electronic machines, firearms, building materials and specially equipped vehicles. The Company operates through six business segments. The Machine Tool-related segment is engaged in the production of machining centers, various special-purpose machines, and pneumatic hydraulic equipment. The Firearms segment is engaged in the production of rifles, mortars and hunting rifles. The Domestic Sales Subsidiary segment is engaged in the sale of steel and other products. The Building Materials segment is engaged in the production of aluminum sash doors, steel sash doors, and waterproof boards. The Specially Equipped Vehicle segment is engaged in the production of road cleaning vehicles, industrial cleaning machines, automatic floor cleaning machines. The Real Estate Rental segment is engaged in the leasing of land and buildings.
HOWA MACHINERY, LTD. 
