Kurita Water Industries Ltd. Revises Consolidated Earnings Guidance for the Six Months Ended September 30, 2021; Revises Consolidated Earnings Guidance for the Year Ending March 31, 2022
October 22, 2021 at 02:00 am EDT
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Kurita Water Industries Ltd. revised consolidated earnings guidance for the six months ended September 30, 2021. For the period, the company revises net sales of JPY 135,200 million compared to previous guidance of JPY 128,000 million. Business profit of JPY 14,850 million compared to previous forecast of JPY 14,000 million. Operating profit of JPY 14,700 million compared to previous forecast of JPY 13,500 million. Profit attributable to owners of parent of JPY 5,700 million or JPY 50.73 per share compared to previous forecast of JPY 8,600 million or JPY 76.55 per share.
For the year ending March 31, 2022, the company revises net sales of JPY 289,000 million compared to previous guidance of JPY 276,000 million. Business profit of JPY 33,000 million compared to previous forecast of JPY 33,000 million. Operating profit of JPY 32,000 million compared to previous forecast of JPY 32,000 million. Profit attributable to owners of parent of JPY 18,000 million or JPY 160.19 per share compared to previous forecast of JPY 21,100 million or JPY 187.82 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. Revises Consolidated Earnings Guidance for the Six Months Ended September 30, 2021; Revises Consolidated Earnings Guidance for the Year Ending March 31, 2022