1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Iwatani Corporation
  6. News
  7. Summary
    8088   JP3151600008

IWATANI CORPORATION

(8088)
  Report
Delayed Japan Exchange  -  05/27 02:00:00 am EDT
5250.00 JPY   -0.94%
05/23SECTOR UPDATE : Energy Stocks Rise Monday as Natural Gas Price Surges
MT
05/23SECTOR UPDATE : Energy Stocks Tracking Higher with Gains in Natural Gas Prices
MT
05/23Suburban Propane Partners to Work With Iwatani Unit on Propane, Hydrogen Commercial Application Development
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Iwatani : Supplementary Explanation for FY20 (with scripts)

06/02/2021 | 01:15am EDT

1

2

Net sales decreased by JPY51.1 billion from the previous fiscal year to JPY635.5 billion, mainly due to a decrease in sales of mainstay products for the industrial sector caused by the impact of the COVID-19, as well as low LPG import prices.

Of the JPY51.1 billion, JPY17.3 billion was negative in the Energy business, JPY10 billion of which was due to a decrease in overseas barter transactions, which are conducted for the purpose of efficient and stable LPG procurement and have no impact on profits.

Gross profit increased by JPY600 million YoY to JPY176.8 billion due to improved market factors for LPG compared to the previous year and increased sales of consumer products.

3

Operating profit increased by JPY1.2 billion from the previous fiscal year to JPY29.9 billion due to a JPY600 million decrease in SG&A expenses as a result of a decrease in travel and transportation expenses due to the COVID- 19 crisis.

Profit increased in the Energy business and the Materials business due to improved market factors and increased sales of consumer products but decreased in the Industrial Gases & Machinery businesses and the Agri-Bio & Foods business due to the negative impact of the COVID-19.

Non-operating profit improved due to an increase in subsidies for the operation of hydrogen-refueling stations and subsidies for hydrogen-related projects.

Ordinary profit increased by JPY2.1 billion from the previous fiscal year to JPY34.4 billion.

Profit attributable to owners of parent increased by JPY2.2 billion from the previous fiscal year to JPY23.2 billion.

As a result, we achieved record profits in all profit categories for the second consecutive year.

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Iwatani Corporation published this content on 02 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2021 05:14:05 UTC.


© Publicnow 2021
All news about IWATANI CORPORATION
05/23SECTOR UPDATE : Energy Stocks Rise Monday as Natural Gas Price Surges
MT
05/23SECTOR UPDATE : Energy Stocks Tracking Higher with Gains in Natural Gas Prices
MT
05/23Suburban Propane Partners to Work With Iwatani Unit on Propane, Hydrogen Commercial App..
MT
05/19IWATANI : Supplementary Explanation for FY21
PU
04/11IWATANI : HySTRA celebrates completion of worldʼs first liquefied hydrogen vessel voy..
PU
03/30IWATANI CORPORATION : Ex-dividend day for final dividend
FA
03/08Japanese firms say tanker pilot shows coal to hydrogen plan feasible
RE
02/24Chevron Strikes Deal With Iwatani Corp. of America to Build 30 Hydrogen Fueling Station..
MT
02/24Chevron, Iwatani to Build 30 Hydrogen Fueling Stations in California
DJ
01/28Iwatani Corporation agreed to acquire Tokico System Solutions, Ltd. from Polaris Privat..
CI
More news
Financials
Sales 2022 685 B 5 389 M 5 389 M
Net income 2022 29 450 M 232 M 232 M
Net Debt 2022 - - -
P/E ratio 2022 10,8x
Yield 2022 1,62%
Capitalization 302 B 2 376 M 2 376 M
Capi. / Sales 2022 0,44x
Capi. / Sales 2023 0,44x
Nbr of Employees 10 130
Free-Float 78,6%
Chart IWATANI CORPORATION
Duration : Period :
Iwatani Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends IWATANI CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 5 250,00 JPY
Average target price 7 750,00 JPY
Spread / Average Target 47,6%
EPS Revisions
Managers and Directors
Akiji Makino Chairman & Chief Executive Officer
Hiroshi Majima Executive President & Representative Director
Satoshi Watanabe Executive Officer
Naoki Iwatani Director, Head-Operations & Audit
Shinji Murai Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
IWATANI CORPORATION-9.48%2 376
EXXON MOBIL CORPORATION59.49%407 100
CHEVRON CORPORATION51.92%346 966
RELIANCE INDUSTRIES LTD9.25%211 633
BP PLC30.30%105 439
CHINA PETROLEUM & CHEMICAL CORPORATION12.40%75 372