Imasen’s sound financial base enables the company to keep dividend growth in spite of declining financial results

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On November 8, Imasen Electric Industrial Co., Ltd. announced the financial results for the first half of the fiscal year ending March 2020.


Imasen’s sound financial base enables the company to keep dividend growth in spite of declining financial results
In the second quarter, sales were down 5.6% from previous period to 56,387 million yen and ordinary profit decreased 18.3% to 1,390 million yen.


The company's auto parts business slowed in North America and China, resulting in sales decline of 5.9% to 54,486 million yen.

On the other hand, some improvements were found in this period. For example, sales in the wire harness-related business increased 3.4% year on year to 1,377 million yen due to an increase in aircraft-related orders, and sales in the welfare equipment-related business also increased thanks to growing sales of electric wheelchairs leading to sales increase of 3.0% to 523 million yen.

As a result, in the full-year business forecast for the fiscal year ending March 31, 2020, net sales will be 112,000 million yen, a decrease of 5.5% from the previous year, and net income is expected to be 2,100 million yen, a decrease of 15.1% from the previous year.
Imasen’s sound financial base enables the company to keep dividend growth in spite of declining financial results

Even under such difficult circumstances, the company's capital adequacy ratio continues to improve making solid finance.
Imasen’s sound financial base enables the company to keep dividend growth in spite of declining financial results

The company expects the dividend for the current fiscal year to increase to 34 yen against the background of a stable financial base.
Imasen’s sound financial base enables the company to keep dividend growth in spite of declining financial results

That maintains IMASEN as an attractive investment destination from now on. 


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