Earth Chemical Co., Ltd. Reports Consolidated Earnings Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Six Months and Fiscal Year Ending December 31, 2017
February 13, 2017 at 10:00 am EST
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Earth Chemical Co., Ltd. reported consolidated earnings results for the year ended December 31, 2016. For the year, on consolidated basis, net sales were ¥168,505 million compared to ¥159,739 million for the last year. Operating income was ¥5,549 million compared to ¥4,016 million for the last year. Ordinary income was ¥5,991 million compared to ¥4,260 million for the last year. Net income was ¥3,364 million compared to ¥1,165 million for the last year. Net income per share was ¥166.60 compared to ¥57.69 for the last year. Cash flow from operating activities was ¥8,089 million compared to ¥3,791 million for the last year.
For the six months ending June 30, 2017, the company expects net sales of ¥102,000 million, operating income of ¥11,600 million, ordinary income of ¥11,800 million and profit attributable to owners of parent of ¥7,300 million or ¥361.46 per share.
For the fiscal year ending December 31, 2017, the company expects net sales of ¥180,000 million, operating income of ¥7,400 million, ordinary income of ¥7,800 million and profit attributable to owners of parent of ¥3,800 million or ¥188.15 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 Year Ended December 31, 2016; Provides Earnings Guidance for the Six Months and Fiscal Year Ending December 31, 2017