NIC Autotec, Inc. Reports Consolidated Earnings Results for the Second Quarter Ended September 30, 2020
November 06, 2020 at 01:00 am EST
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NIC Autotec, Inc. reported consolidated earnings results for the second quarter ended September 30, 2020. For the quarter, the company reported net sales of ¥3,284 million against ¥3,508 million a year ago. Operating profit was ¥105 million against ¥147 million a year ago. Profit attributable to owners of parent was ¥65 million against ¥94 million a year ago. Basic earnings per share was ¥11.95 against ¥17.43 a year ago.
NIC Autotec, Inc. is a Japan-based company mainly engaged in the manufacture and sale of industrial machinery and parts. The Company operates in three business segments. The Alfa Frame segment is engaged in the development, design, manufacture and sale of aluminum construction frames and auxiliary parts for frames under the brand ALFA FRAME SYSTEM. The Device segment develops, designs, manufactures and sells devices constructed from Alfa Frames, such as cleaning machines, conveyors and packaging equipment, inspection equipment and clean booth products, as well as aluminum structures, including equipment structures and safe covers, among others. The Trading segment is engaged in the provision of industrial grindstones, machinery and equipment such as cutting processing machines, tools such as end mills, bolts and drills, as well as lubricants.
NIC AUTOTEC, INC. 
