NOK Corporation Reports Consolidated Financial Results for the Fiscal Year Ended March 31, 2019; Provides Earnings Guidance for the Period Ending September 2019 and Year Ending March 2020
May 13, 2019 at 02:00 am EDT
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NOK Corporation reported consolidated financial results for the fiscal year ended March 31, 2019. For the year, on consolidated basis reported net sales were JPY 669,482 million compared to JPY 729,341 million for the same period a year ago. Operating profit was JPY 23,140 million compared to JPY 44,934 million for the same period a year ago. Profit attributable to owners of parent was JPY 3,419 million or JPY 19.77 per basic earnings per share compared to JPY 35,281 million or JPY 204.17 per basic earnings per share for the same period a year ago.
For the period ending September 2019, the company's expected net sales to be JPY 315,000 million. Operating profit expected to be JPY 5,500 million. Profit attributable to owners of parent expected to be JPY 3,500 million or JPY 20.23 per basic earnings per share.
For the year ending March 2020, the company's expected net sales to be JPY 670,000 million. Operating profit expected to be JPY 31,000 million. Profit attributable to owners of parent expected to be JPY 22,000 million or JPY 127.19 per basic earnings per share.
NOK Corp is a company principally involved in the manufacture and sale of sealing materials and flexible circuit boards. The Company operates in four business segments. The Seal segment manufactures and sells seal products mainly for the automobile industry, construction machinery industry, and general industrial machinery industry. The Electronic Component segment manufactures and sells electronic parts and others for the electronic equipment industry. The Roll segment manufactures and sells products for the office machine industry. The Others segment manufactures and sells special lubricants.
NOK Corporation Reports Consolidated Financial Results for the Fiscal Year Ended March 31, 2019; Provides Earnings Guidance for the Period Ending September 2019 and Year Ending March 2020