Air Water : Consolidated Financial Results for the Third Quarter of Fiscal Year Ending March 31, 2020
February 13, 2020 at 07:12 am EST
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Date: February 13, 2020
Consolidated Financial Results for the Third Quarter of Fiscal Year Ending March 31, 2020
(Under IFRS)
AIR WATER INC.
Head Office: 12-8, Minami semba 2-chome,
Chuo-ku, Osaka, Japan
Qualitative Information relating to Third Quarter Earnings
(1) Explanation of Operating Results
Operating results for the current period
The Japanese economy in the cumulative third quarter of the current consolidated fiscal year was on a modest
recovery trend thanks to improvements in the employment environment and a pickup in consumer spending. However uncertainty over the future economy continued, with export remaining stagnant due to the protracted U.S. China trade dispute and slowdown in the Chinese economy, which also affected the production activities and facility investment of the domestic manufacturing industry.
Under these circumstances, the results of our corporate group showed steady progress in improving profitability, as a result of our efforts to strengthen our earnings structure including product price revisions, despite sluggishness in demand seen in some of our industrial gas businesses as we entered the third quarter. Business remained strong, contributed to by the effect of new consolidation through aggressive M&A and the start of revenue generation from our woody biomass power generation business.
As a result, for the current third quarter consolidated cumulative period, the group's revenue was ¥592,077 million (110.1% that of the corresponding period of the previous year), operating profit was ¥38,821 million (123.4%), and quarterly net profit attributable to owners of parent was ¥23,322 million (110.9%).
Effective the current consolidated fiscal year, the classification of reporting segments has been changed. The segment information for the third quarter cumulative period of the previous consolidated fiscal year has been revised in accordance with the new reporting segment classification.
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2) Consolidated results by segment for this period
(Million
yen)
Revenue
Operating profit
FY 2019.3Q
YoY Growth
FY 2019.3Q
YoY Growth
Industrial Gas Business
138,016
110.2ï¼…
14,116
120.3ï¼…
Chemical Business
18,725
110.4ï¼…
2,414
387.6ï¼…
Medical Business
135,491
110.3ï¼…
5,687
103.2ï¼…
Energy Business
35,070
97.8ï¼…
2,097
107.6ï¼…
Agriculture and
107,218
101.5ï¼…
3,584
81.7ï¼…
Food Products Business
Logistics Business
38,041
105.3ï¼…
1,866
103.5ï¼…
Seawater Business
28,782
101.5ï¼…
2,099
137.1ï¼…
Other Business
90,729
135.9ï¼…
4,997
190.1ï¼…
(Adjustment)
-
- ï¼…
1,958
151.7ï¼…
Total
592,077
110.1ï¼…
38,821
123.4ï¼…
(Note) The adjustment to operating profit is due to costs incurred at the company's headquarters division which was not allocated to any reporting segment.
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AIR WATER Inc. published this content on 13 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 February 2020 12:11:04 UTC
Air Water Inc is a Japan-based company mainly engaged in manufacture and sale of industrial gas, chemical, medical, energy related products. It has eight business segments. Industrial Gas-related segment manufactures and sells industrial gas and installs high-pressure gas equipment. Chemical-related segment manufactures basic and fine chemical products. Medical-related segment provides medical gas products and hospital equipment construction. Energy-related segment offers liquefied petroleum gas and kerosene. Agriculture and Food-related segment manufactures and sells fruit, vegetables, frozen food, processed meat products and soft drinks. Logistics-related segment provides logistics service on high pressure gas and general cargo. Seawater-related segment manufactures and sells salts and salt-making by-products, as well as fused magnesia and magnesium oxide. The Other segment consist of aerosol business. It also develops green chemicals and biofuels and provides rehabilitation system.