Kurita Water Industries Ltd. Reports Consolidated Earnings Results for the Fiscal Year Ended March 31, 2019; Provides Earnings Guidance for the First Half and Full Fiscal Year Ending March 31, 2020
May 13, 2019 at 02:00 am EDT
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Kurita Water Industries Ltd. reported consolidated earnings results for the fiscal year ended March 31, 2019. For the year, the company reported net sales were JPY 259,409 million against JPY 236,815 million a year ago. Operating income was JPY 24,326 million against JPY 22,475 million a year ago. Ordinary income was JPY 23,919 million against JPY 22,104 million a year ago. Net income was JPY 17,325 million against JPY 18,037 million a year ago. Net income per share was JPY 154.29 against JPY 159.37 a year ago.
For the full fiscal year ending March 31, 2020, the Group forecasts JPY 278,000 million in net sales, JPY 29,000 million in operating income, JPY 29,200 million in ordinary income, and JPY 20,600 million in net income attributable to owners of parent.
For the first half of the fiscal year ending March 31, 2020, the Group forecasts net sales of JPY 133,800 million, operating income of JPY 15,500 million, income before taxes of JPY 15,600 million and profit attributable to owners of parent of JPY 11,000 million.
Kurita Water Industries Ltd. is a Japan-based company mainly engaged in the provision of water treatment-related products, technology and maintenance services. The Company operates in two business segments. The Water Treatment Chemical segment is engaged in the manufacture and sale of water treatment related chemicals and related equipment, as well as the provision of maintenance services. The Water Treatment Equipment segment is engaged in the manufacture and sale of equipment and facilities related to water treatment, the provision of ultra-pure water, the provision of chemical cleaning and precision cleaning services, the purification of soil and groundwater, as well as the provision of maintenance services such as operation and maintenance of water treatment facilities.
Kurita Water Industries Ltd. Reports Consolidated Earnings Results for the Fiscal Year Ended March 31, 2019; Provides Earnings Guidance for the First Half and Full Fiscal Year Ending March 31, 2020