JSP Corp. Reports Consolidated and Non-Consolidated Unaudited Earnings Results for the Fiscal Year Ended March 31, 2013; Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2014
April 29, 2013
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JSP Corp. reported consolidated and non-consolidated unaudited earnings results for the fiscal year ended March 31, 2013. For the year, on a consolidated basis, the company reported net sales of JPY 96,038 million against JPY 93,397 million for the same period last year. Operating income was JPY 4,575 million against JPY 5,296 million for the same period last year. Ordinary income was JPY 4,927 million against JPY 5,536 million for the same period last year. Net income was JPY 3,324 million or JPY 111.49 per share against JPY 3,100 million or JPY 103.98 per share for the same period last year. Return on equity was 7.0% against 7.0% for the same period last year. Net cash provided by operating activities totaled JPY 7,522 million, an increase of JPY 1,990 million from one year earlier. Net cash used in investing activities totaled JPY 5,783 million, a decrease of JPY 354 million. This included an outflow of JPY 6,215 million for the purchase of noncurrent assets and an inflow of JPY 121 million from a net decrease in time deposits.
For the year, on non-consolidated basis the company reported net sales of JPY 55,442 million against JPY 54,623 million for the same period last year. Operating income was JPY 984 million against JPY 1,773 million for the same period last year. Ordinary income was JPY 2,673 million against JPY 3,076 million for the same period last year. Net income was JPY 2,046 million or JPY 68.63 per share against JPY 3,076 million or JPY 74.06 per share for the same period last year.
The company provided consolidated earnings guidance for the first half and full year of fiscal year ending March 31, 2014. For the first half of fiscal year ending March 31, 2014, the company expects net sales of JPY 50,000 million, operating income of JPY 3,000 million, ordinary income of JPY 3,100 million and net income of JPY 2,100 million or JPY 70.43 per share.
For the fiscal year ending March 31, 2014, the company expects net sales of JPY 101,000 million, operating income of JPY 6,500 million, ordinary income of JPY 6,700 million and net income of JPY 4,300 million or JPY 144.22 per share.
JSP Corp is a Japan-based company mainly engaged in the manufacture and sale of plastic products with enhanced functionality and economic efficiency, mainly using foaming technology. The Company operates business through two business segments. The Extrusion segment is engaged in the manufacture and sale of polystyrene, polyethylene, polypropylene sheets, boards and others, using extrusion foam technology as its core. The Beads segment is engaged in the manufacture and sale of foamed polypropylene, foamed polyethylene, and foamed polystyrene products based on bead foaming technology. The Company also operates businesses related to the sale of general packaging materials.
JSP Corp. Reports Consolidated and Non-Consolidated Unaudited Earnings Results for the Fiscal Year Ended March 31, 2013; Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2014
JSP CORPORATION 
