News Detail

Date/Time
13 Feb 2020 17:09:00
Headline
Management Discussion and Analysis Quarter 1 Ending 31 Dec 2019
Symbol
METCO
Source
METCO
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                Management Discussion and Analysis

Company name                             : MURAMOTO ELECTRON (THAILAND) PUBLIC 
COMPANY LIMITED
Year                                     : 2020
Quarter                                  : Quarter 1
Ending                                   : 31-Dec-2019
Note                                     :
February 13, 2020

Subject   :  Management Discussion and Analysis regarding METCO's performance
    for the period of quarter 1,ending December 31,2019
Attention:  Directors and Manager of the Stock Exchange of Thailand

    Following the submission to the Stock Exchange of Thailand by Muramoto Electron
(Thailand) Public Company Limited of its financial statements for the period of
quarter 1, ending December 31, 2019, the Company wishes to report Management
Discussion and Analysis regarding its performance for the said period, in which
the Company and its subsidiary Net profit of 34.53 million baht, an increase
58.26 million baht, or increase 245.54% from the same period of the prior year,
as follows;

1.    The Company and its subsidiary earned, in this quarter, an income from sales 
amount 2,713.43 million baht, a decrease of 183.28 million baht, or decrease
6.33% from the same period of the prior year. The reduction of sales amount due
to the decline of current Ink jet Printer and automotive audio product such as
Blu Ray and Car Center Panel Unit.

2.    The Company and its subsidiary earned, in this quarter, a gross profit amount
143.00 million baht, gross profit increase 81.48 million baht from the same
period of the prior year which gross profit amount 61.51 million baht.


3.    A selling and administration expenses of the Company and its subsidiary were 
decrease 14.22 million baht from the same period of last year. The Company
target to reduce the fixed expenses also to strictly continue controlling of
total expenses.

4.    The Company and its subsidiary gain on exchange amount 2.20 million baht in 
this quarter, compared to 16.47 million baht gain on exchange from the same
period of last year.

5.    Coronavirus risk
The coronavirus outbreak in China at the end of January, 2020 still ongoing 
spread. The Chinese government has launched a policy to extend the Chinese New
Year holiday 9th February. Unfortunately, since electrical parts suppliers in
China cannot foresee when they will be able to resume operating.  In this
regards, we expect that the supply chain of parts for our mainstay products,
such as EPSON printers, keyless entry products, and car audio panels, will be
stopped from late in February.

While we are promoting measures such as alternative imports, the prospects are 
bleak, and we expect that the stoppage of our production lines is unavoidable
under continuously these circumstances. As a result, we are afraid this will
have a significant impact on our net income for this year.

As the schedule for normalization of parts supply from China is completely 
uncertain, we do not know how much it will affect in the future, but we will
collect information and make efforts to restore normal operations.

That is all about our report on the risk of shutdown due to the coronavirus 
situation.

The Company provides this information for clarification to the Stock Exchange of
 Thailand and for disseminated to all market investors

                            Sincerely,



                            ??????????
                            (Mr.Ichiro Nishimura)
                                      Director        
This announcement was prepared and disseminated by listed company or issuer 
through the electronic system which is provided for the purpose of dissemination
of the information and related documents of listed company or issuer to the
Stock Exchange of Thailand only.  The Stock Exchange of Thailand has   no
responsibility for the correctness and completeness of any statements, figures,
reports or opinions contained in this announcement, and has no liability for any
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