Krosaki Harima Corporation Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018
For the six months, the company reported net sales of JPY 58,697 million compared to JPY 52,550 million a year ago, owing to increases in demand for refractories for large-scale construction projects and net sales at overseas subsidiaries. Operating income was JPY 3,873 million compared to JPY 3,608 million a year ago. Ordinary income was JPY 4,239 million compared to JPY 3,404 million a year ago. Net income attributable to owners of the parent was JPY 2,727 million or JPY 32.35 per share compared to JPY 2,066 million or JPY 24.50 per share a year ago. Net income before income taxes was JPY 4,146 million compared to JPY 3,316 million a year ago.
For the year ending March 31, 2018, the company expects consolidated net sales of JPY 120,000 million, operating income of JPY 7,100 million, ordinary income of JPY 7,500 million, net income attributable to owners of parent of JPY 4,800 million and net income per share of JPY 569.21.