Kurita Water Industries Ltd. Reports Consolidated Earnings Results for the Fiscal Year Ended March 31, 2018; Provides Earnings Guidance for Full Year of Fiscal Year Ending March 31, 2019
April 26, 2018
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Kurita Water Industries Ltd. reported consolidated earnings results for the fiscal year ended March 31, 2018. For the year, the company reported net sales were ¥236,815 million against ¥214,187 million a year ago. Operating income was ¥22,475 million against ¥19,452 million a year ago. Ordinary income was ¥22,104 million against ¥20,074 million a year ago. Income before income taxes was ¥25,535 million against ¥20,465 million a year ago. Profit attributable to owners of parent was ¥17,897 million against ¥14,506 million a year ago. Net income was ¥18,037 million against ¥14,661 million a year ago.Net income per share was ¥159.37 against ¥1125.23 a year ago. Net cash provided by operating activities was ¥21,408 million against ¥33,941 million a year ago. Payments for purchases of property, plant and equipment were ¥17,924 million against ¥10,156 million a year ago. Payments for purchase of intangible assets were ¥972 million against ¥791 million a year ago. Net assets per share were ¥2,126.96 as on March 31, 2018.
For the full fiscal year ending March 31, 2019, the Group forecasts ¥255,000 million in net sales (up 7.7% year on year), ¥24,000 million in operating income (up 6.8%), ¥24,200 million in ordinary income (up 9.5%), and ¥17,000 million in net income attributable to owners of parent (down 5.0%).
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, 2018; Provides Earnings Guidance for Full Year of Fiscal Year Ending March 31, 2019