Earth Chemical Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2016; Provides Earnings Guidance for the First Half and Full Year of 2016
May 06, 2016 at 11:00 am EDT
Share
Earth Chemical Co., Ltd. reported consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, on consolidated basis, net sales were JPY 38,821 million compared to JPY 36,829 million for the last year. Operating income was JPY 3,463 million compared to JPY 2,792 million for the last year. Ordinary income was JPY 3,523 million compared to JPY 2,918 million for the last year. Profit attributable to owners of parent was JPY 2,133 million compared to JPY 1,456 million for the last year. Basic earnings per share were JPY 105.66 compared to JPY 72.14 for the last year.
The company provided earnings guidance for the first half and full year of 2016. For the six months ending June 30, 2016, the company expects net sales of JPY 99,692 million, operating income of JPY 11,260 million, ordinary income of JPY 11,837 million and profit attributable to owners of parent of JPY 7,724 million or JPY 382.48 basic earnings per share.
For the year ending December 31, 2016, the company expects net sales of JPY 170,000 million, operating income of JPY 5,100 million, ordinary income of JPY 5,900 million and profit attributable to owners of parent of JPY 3,000 million or JPY 148.55 per share.
Earth Corporation, formerly EARTH CHEMICAL CO., LTD. is a company mainly engaged in manufacturing and sales of insecticides and household products. The Company operates through two business segments. The Household Products segment is engaged in manufacturing, sales, import and export of household insecticides, garden products, pet supplies, household insecticides, including mouth washes, denture related supplies, tooth brushing products, bathing agents, deodorant fragrances. This segment also provides drugs for infectious disease control, agricultural and animal husbandry, as well as provision of raw materials for overseas. The Comprehensive Environmental Hygiene segment is engaged in provision of environmental hygiene services for food and medicine factories, and provision of related consulting services. The other business engages in environmental hygiene management work, including insect and rat control, cleaning and disinfection restaurants and office buildings.
Earth Chemical Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2016; Provides Earnings Guidance for the First Half and Full Year of 2016