Seika Corporation operates in the Industrial machinery and equipment sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Seika with three other
companies in this sector in Japan:
Nichiden Corporation
(2019
sales of 124.60 billion Japanese Yen [US$1.13 billion]
of which 43%
was Power transmission Machinery),
Tachibana Eletech Co Ltd
(182.88 billion Japanese Yen [US$1.66 billion]
of which 59%
was FA System), and
Daiichi Jitsugyo Company Limited
(161.89 billion Japanese Yen [US$1.47 billion]
of which 36%
was Industrial Machinery).
Sales Analysis.
Seika reported sales of ¥157.15 billion (US$1.43 billion)
for the
fiscal
year ending
March of 2019.
This
represents
a
decrease of 5.1%
versus 2018, when the company's sales were ¥165.59 billion.
Contributing to the drop in overall sales was the 44.0% decline
in Industrial Machinery Business, from ¥76.14 billion to ¥42.67 billion.
There were also decreases in sales in
Electricity Business (down 4.2% to ¥47.63 billion)
and
Global Business (down 6.7% to ¥11.64 billion)
and
Material Measurement Business (down 35.6% to ¥1.52 billion)
.
However, these declines were partially offset by the increase in sales of
Chemical and Energy Business (up 115.7% to ¥53.68 billion)
.