The Lead Co., Inc. Reports Earnings Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Six Months Ending September 30, 2019 and Year Ending March 31, 2020
May 13, 2019
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The Lead Co., Inc. reported earnings results for the year ended March 31, 2019. For the year, the company reported net sales of JPY 5,841 million compared to JPY 5,178 million a year ago. Operating loss was JPY 64 million compared to JPY 189 million a year ago. Net income was JPY 100 million compared to loss of JPY 175 million a year ago. Net income per share was JPY 39.02 compared to loss per share of JPY 66.96 a year ago.
For the six months ending September 30, 2019, the company expects net sales of JPY 3,040 million, operating loss of JPY 40 million and net loss of JPY 30 million or JPY 11.66 per share.
For the year ending March 31, 2020, the company expects net sales of JPY 6,280 million, operating income of JPY 20 million and net income of JPY 35 million or JPY 13.60 per share.
Lead Co Inc is a Japan-based company mainly engaged in the provision of custom-made automotive parts and other products, primarily sheet metal, paint, and plastic molding processes, and in-house products, primarily racks, cases, and bicycle parking racks. The company operates in three business segments. The Automotive Components segment mainly manufactures and sells bumpers, spoilers and other exterior components, and handbrake lever systems. The In-house Products segment is divided into the electronic devices business and the bicycle parking business. The electronic equipment segment mainly manufactures and sells information and communication equipment racks, general-purpose electronic equipment cases, and chassis. The bicycle parking business segment plans, develops, designs, manufactures, sells, installs, and maintains bicycle parking racks and other bicycle parking products, and manages bicycle parking facilities. The Rental Real Estate segment leases stores and other facilities.
The Lead Co., Inc. Reports Earnings Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Six Months Ending September 30, 2019 and Year Ending March 31, 2020