Kurita Water Industries Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Revised Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2018
January 31, 2018 at 01:00 am EST
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Kurita Water Industries Ltd. reported consolidated earnings results for the nine months ended December 31, 2017. For the period, the company reported net sales of JPY 163,511 million against JPY 152,086 million a year ago. Operating income was JPY 14,854 million against JPY 13,646 million a year ago. Ordinary income was JPY 14,726 million against JPY 14,104 million a year ago. Income before income taxes was JPY 18,742 million against JPY 14,496 million a year ago. Profit attributable to owners of parent was JPY 13,545 million or JPY 120.60 per share against profit attributable to owners of parent of JPY 10,144 million a year ago. Capital Expenditures (Property, Plant and Equipment) was JPY 15,001 million against JPY 6,222 million a year ago.
The company revised consolidated earnings guidance for the fiscal year ending March 31, 2018. For the period, the company expects net sales of JPY 235,000 million, operating income of JPY 21,700 million, ordinary income of JPY 21,700 million and profit attributable to owners of parent of JPY 18,300 million or JPY 162.95 per share compared to previously expected net sales of JPY 230,000 million, operating income of JPY 21,000 million, ordinary income of JPY 21,500 million and profit attributable to owners of parent of JPY 15,000 million or JPY 133.57 per share.
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 Nine Months Ended December 31, 2017; Revised Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2018