Nok Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2013; Provides Earnings Guidance for the Half Year and Full Year Ending March 31, 2014
August 31, 2013
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NOK Corporation announced consolidated earnings results for the first quarter ended June 30, 2013. For the quarter, the company reported net sales were ¥130,884 million against ¥128,585 million a year ago. Operating income was ¥3,570 million against ¥7,881 million a year ago. Ordinary income was ¥7,343 million against ¥7,245 million a year ago. Net income was ¥4,499 million against ¥3,498 million a year ago. Net income per share was ¥26.11 against ¥20.34 a year ago. Income before income taxes and minority interests was ¥7,841 million against ¥7,670 million a year ago.
For the half year, the company expects net sales of ¥269,400 million, operating income of ¥7,500 million, ordinary income of ¥12,200 million net income of ¥5,900 million or ¥34.27 per share.
For the full year, the company expects net sales of ¥580,000 million, operating income of ¥29,700 million, ordinary income of ¥32,600 million, net income of ¥18,600 million or ¥108.05 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 Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2013; Provides Earnings Guidance for the Half Year and Full Year Ending March 31, 2014