Ishihara Sangyo Kaisha, Ltd. Reports Consolidated Earnings Results for the Six Months Ended of September 30, 2016; Provides Earnings Guidance for the Year Ending of March 31, 2017
November 08, 2016
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Ishihara Sangyo Kaisha, Ltd. reported consolidated earnings results for the six months ended of September 30, 2016. For the Period, the company reported net sales of JPY 51,211 million compared to JPY 52,834 million a year ago. Operating income was JPY 1,831 million compared to JPY 3,486 million a year ago. Ordinary income was JPY 3 million compared to JPY 2,360 million a year ago. Net loss was JPY 794 million compared to net income of JPY 1,553 million a year ago. Net loss per share was JPY 19.85 compared to net income per share of JPY 38.84 a year ago. Cash flows from operating activities was JPY 9,702 million compared to JPY 12,004 million a year ago.
The company provided earnings guidance for the year ending of March 31, 2017. For the period, the company expects net sales to be of JPY 99,000 million. Operating income expected to be of JPY 4,500 million. Ordinary income expected to be of JPY 2,500 million. Net income expected to be of JPY 1,300 million. Earnings per share expected to be of JPY 32.51.
ISHIHARA SANGYO KAISHA, LTD. is a Japan-based chemical company principally involved in the manufacture and sale of industrial chemical products. The Company operates in three business segments. The Inorganic Chemical segment mainly provides titanium oxide, functional materials, and other inorganic chemical products. The Organic Chemical segment mainly provides herbicides, pesticides, medicines, etc. The Others segment is engaged in the trading and construction business.
Ishihara Sangyo Kaisha, Ltd. Reports Consolidated Earnings Results for the Six Months Ended of September 30, 2016; Provides Earnings Guidance for the Year Ending of March 31, 2017