Foster Electric Company, Limited operates within the Household audio and video equipment sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Foster Electric Company, Limited with three other
companies in this sector in JAPAN :
Funai Electric Co., Ltd.
sales of 80.45 billion Japanese Yen [US$704.72 million]
of which 60%
was Northern America),
TOA Corp (Hyogo)
(40.58 billion Japanese Yen [US$355.44 million]
of which 68%
was Japan), and
(139.06 billion Japanese Yen [US$1.22 billion]
of which 37%
was Industrial material).
During the first
quarter of 2022, sales at Foster Electric Company, Limited totalled
an increase of 18.3%
from the ¥18.48 billion in sales at the company during the first quarter of 2021.
This was the largest same quarter increase in sales since the second
quarter of 2018.
There appears to be at least some degree of seasonality in the sales at Foster Electric Company, Limited: during 8 of the previous 9
years, sales were highest during the third quarter.
The exception to this was during 2021, when the
fourth quarter was the best quarter, accounting for
27% of sales (during that same year, the
third quarter accounted for 27% of sales).
During the year ended March of 2021, sales at
Foster Electric Company, Limited were ¥85.22 billion (US$746.53 million).
decrease of 20.6%
versus 2020, when the company's sales were ¥107.30 billion.
Contributing to the drop in overall sales was the 41.8% decline
in Mobile Audio Business, from ¥37.06 billion to ¥21.57 billion.
There were also decreases in sales in
Speaker Business (down 11.3% to ¥56.74 billion)
However, these declines were partially offset by the increase in sales of
Other Business (up 10.0% to ¥6.91 billion)