DIC Corporation Revises Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending December 31, 2023
May 14, 2023 at 11:00 pm EDT
Share
DIC Corporation revised consolidated earnings guidance for the first half and full year of fiscal year ending December 31, 2023. For the first half, the company now expects net sales to be JPY 520 billion, operating income to be JPY 14 billion, net income attributable to owners of parent to be JPY 3 billion and basic earnings per share of JPY 31.69 against net sales of JPY 570 billion, operating income of JPY 19 billion, net income attributable to owners of parent of JPY 7 billion as previously forecasted.
For the full year, the company now expects net sales to be JPY 1,100 billion, operating income to be JPY 38 billion, net income attributable to owners of parent to be JPY 17 billion and basic earnings per share of JPY 31.69 against net sales of JPY 1,150 billion, operating income of JPY 43 billion, net income attributable to owners of parent of JPY 20 billion as previously forecasted.
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 
