Iwaki Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019
November 28, 2018 at 02:00 am EST
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Iwaki Co., Ltd. reported consolidated earnings results for the six months ended September 30, 2018. For the period, net sales were JPY 14,704,642,000 against JPY 13,435,975,000 a year ago. Operating profit was JPY 1,209,758,000 against JPY 1,015,336,000 a year ago. Ordinary profit was JPY 1,533,958,000 against JPY 1,354,854,000 a year ago. Profit was JPY 1,079,399,000 against JPY 1,029,507,000 a year ago. Net income per share was JPY 47.55 against JPY 45.26 a year ago. Profit before income taxes was JPY 1,532,236,000 against JPY 1,353,628,000 a year ago.
The company also provided consolidated earnings guidance for the fiscal year ending March 31, 2019. For the year, the company expects net sales of JPY 29,907 million, operating profit of JPY 2,369 million, ordinary profit of JPY 2,938 million, profit attributable to owners of parent of JPY 2,113 million and net income per share of JPY 94.05.
IWAKI CO., LTD. is a Japan-based company mainly engaged in the development, manufacture, purchase and sale of chemical pumps and peripheral equipment such as pump dedicated controllers and others which are used in transportation of liquid chemicals. The Company is also engaged in the maintenance services including repair of products, provision of after services and installation works. Chemical pumps are used for transferring high-purity chemicals in industrial fields including semiconductors and liquid crystals, chemical, electronic components, water treatment, food, medical and solar cells, fuel cells and secondary batteries.The Company distributes its products, including magnet pumps, metering pumps, air-driven pumps, rotating volume pumps, air pumps and system products to various markets such as semiconductor and liquid crystal, medical device, surface treatment equipment, water treatment, chemical, new energy and other markets.
Iwaki Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019