Nhk Spring Co., Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2024
August 10, 2023 at 02:30 am EDT
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NHK Spring Co., Ltd. provided consolidated earnings guidance for the first half and full year of fiscal year ending March 31, 2024. For the first half, the company expects net sales of JPY 345,000 million, operating profit of JPY 8,000 million, profit attributable to owners of parent of JPY 6,000 million and earnings per share, Basic of JPY 26.49.
For the full year, the company expects net sales of JPY 750,000 million, operating profit of JPY 35,000 million, profit attributable to owners of parent of JPY 25,000 million and earnings per share, Basic of JPY 110.37.
NHK SPRING CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of suspension springs, seat products and automobile-related products. It has four business segments. The Suspension Springs segment manufactures and sells coil springs, board springs, stabilizers, torsion bars, stabilizer links, bellows, and stabilizer linkers. The Seating segment offers automobile seats, seat-related products, as well as interior equipment. The Precision Component segment offers suspensions for hard disk drives (HDDs), mechanism parts for HDDs, wire springs, lamella springs, probe units for liquid crystal and semiconductor checking, as well as precision processed goods. The Industrial Equipment segment manufactures and sells brazing goods, ceramic products, spring mechanism goods, piping support installations, parking systems, polyurethane products, security products, lighting apparatus and golf shafts and others.
NHK SPRING CO., LTD. 
