DIC Corporation Reports Consolidated Earnings Results for the Year Ended December 31, 2018; Provides Earnings Guidance for the First Half and Fiscal Year 2019
February 13, 2019 at 10:00 pm EST
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DIC Corporation reported consolidated earnings results for the year ended December 31, 2018. For the year, the company reported net sales of ¥805,498 million compared to ¥789,427 million a year ago. Operating income was ¥48,385 million compared to ¥56,483 million a year ago. Net income was ¥33,802 million or ¥338.40 per basic share against ¥40,924 million or ¥407.56 per basic share a year ago.
For the first half of fiscal year 2019, on consolidated basis, the company expects net sales of ¥410,000 million, operating income of ¥24,000 million, net income attributable to owners of the parent of ¥16,000 million or ¥169.05 per basic share.
For the fiscal year 2019, on consolidated basis, the company expects net sales of ¥850,000 million, operating income of ¥52,000 million, net income attributable to owners of the parent of ¥35,000 million or ¥369.80 per basic share.
DIC Corporation specializes in the manufacturing and marketing of printing inks and chemicals. Net sales break down by product family as follows:
- printing inks (47.2%): offset inks, decorative inks, soft cut inks, etc.;
- polymers (25%): aqueous resins, acrylic resins, saturated polyester resins, UV curable resins, polyurethane resins, epoxy resins, unsaturated polyester resins and polystyrenes;
- fine chemicals products (12.4%): liquid crystals, functional pigments and multi-purpose liquid pigments;
- chemical and thermoplastic components (8.1%): polyphenylene sulfide, liquid inks and dyes for plastics;
- industrial adhesive tapes and hollow fibre membranes (7.3%).
At the end of 2019, the group had 9 production sites in Japan.
Net sales are distributed geographically as follows: Japan (39.5%), Asia and Oceania (20.5%), Europe and Africa (23.1%) and the Americas (16.9%).
DIC Corporation Reports Consolidated Earnings Results for the Year Ended December 31, 2018; Provides Earnings Guidance for the First Half and Fiscal Year 2019
DIC CORPORATION 
