Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Nichias Corporation    5393   JP3660400007

NICHIAS CORPORATION

(5393)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Nichias : Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2021

share with twitter share with LinkedIn share with facebook
08/18/2020 | 11:02pm EDT

Consolidated Financial Results for the First Quarter of the Fiscal Year

Ending March 31, 2021 (April 1, 2020 to June 30, 2020)

August 3, 2020

Company Name:

NICHIAS Corporation

Stock Exchange Listing:

Tokyo Stock Exchange (Code number 5393)

URL:

https://www.nichias.co.jp/nichias-E/

Representative:

Toshiyuki Takei, President and Chief Executive Officer

Inquiries:

Kiminori Nakata, Representative Director and Senior Managing Executive Officer

Phone:

+81-3-4413-1111

Scheduled date of filing of quarterly consolidated financial statements: August 6, 2020

Supplementary materials for financial results:

Available

Organization of financial results briefing:

None

Scheduled date of commencement of dividend payment:

(Fractional amounts of less than ¥1 million are discarded.)

1. Consolidated financial results for the first quarter of the Fiscal Year 2020 (April 1, 2020 to June 30, 2020)

(1) Operating Results (cumulative)

(Percentages represent year-on-year changes)

Net sales

Operating income

Ordinary income

Profit attributable to

owners of the parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

FY2020 Q1

43,048

(9.2)

3,803

(14.6)

3,320

(27.4)

1,829

(44.7)

FY2019 Q1

47,390

(10.1)

4,454

(31.1)

4,571

(31.8)

3,311

(28.7)

Note: Comprehensive income

FY2020

Q1 ¥1,780 million---(49.7)%; FY2019 Q1 ¥3,541 million---(12.8)%

Basic earnings per share

Diluted earnings per share

Yen

Yen

FY2020 Q1

27.58

FY2019 Q1

49.92

(2) Consolidated Financial Position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

As of June 30, 2020

206,047

126,485

60.9

As of March 31, 2020

208,076

127,233

60.7

(Reference) Shareholders' equity FY 2020 Q1 ¥125,577 million; As of March 31, 2020 (FY 2019) ¥126,297 million

2. Dividends

Annual Dividends

End of 1st quarter

End of 1st half

End of 3rd quarter

Year-end

Total

Yen

Yen

Yen

Yen

Yen

FY2019

38.00

38.00

76.00

FY2020

FY2020 (Forecast)

38.00

38.00

76.00

Note: Adjustments from the most recently released dividend forecast: None

3. Forecast of consolidated financial results for Fiscal Year 2020 (April 1, 2020 to March 31, 2021)

(Percentage figures represent changes from previous fiscal year)

Net sales

Operating income

Ordinary income

Profit attributable to

Basic earnings

owners of the parent

per share

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

First half

88,500

(12.4)

7,000

(29.8)

7,000

(30.3)

4,400

(37.5)

66.33

Full year

190,000

(9.0)

17,500

(14.3)

17,500

(19.1)

11,700

(20.3)

176.38

Note: Adjustments from the most recently released consolidated results forecast: Yes

*Notes

  1. Changes in significant subsidiaries during the consolidated quarter under review: None
  2. Application of specific accounting methods in the preparation of quarterly consolidated financial statements: None
  3. Changes in accounting policies, changes in accounting estimates, and restatements

1)

Changes in accounting policies due to revision of accounting standards:

None

2)

Changes other than those in 1) above:

None

3)

Changes in accounting estimates:

None

4)

Restatements:

None

(4) Number of shares outstanding (ordinary shares)

  1. Number of shares issued at the end of the period (including treasury stock)

FY 2020 Q1 (As of June 30, 2020)

67,811,917 shares

FY 2019

(As of March 31, 2020)

67,811,917 shares

  1. Number of shares of treasury stock at the end of the period

FY 2020 Q1 (As of June 30, 2020)

1,476,825 shares

FY 2019

(As of March 31, 2020)

1,476,840 shares

  1. Average number of shares outstanding during the period

FY 2020 Q1 (As of June 30, 2020)

66,335,139 shares

FY 2019 Q1 (As of June 30, 2019)

66,336,354 shares

*The consolidated financial results for the first quarter of the fiscal year ending March 31, 2021 are not subject to quarterly review by a certified public accountant or auditor.

*Information concerning proper use of financial forecasts and other special notes Information concerning forward-looking statements

Forward-looking statements concerning financial forecasts contained in these materials are based on information available to the Company when the forecasts were made and certain assumptions judged to be reasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual results may differ significantly from the forecasts due to a variety of factors. For items related to our earnings forecasts etc., including underpinning assumptions and factors that could impact each item, please refer to "(3) Explanation of information related to future prospects including consolidated results forecasts" on page 3 in section "1. Qualitative information on the quarter under review."

Disclaimer: This is a Japanese-English translation of the summary of financial statements of the Company produced for your convenience. Since no auditor audited this report, officially only the Japanese version is assumed to be the summary of financial statements of the Company. This summary does not constitute any guarantee and the Company will not compensate any losses and/or damage stemming from actions taken based on these statements. In the case that there is any discrepancy between the Japanese and English versions, the Japanese version is assumed to be correct.

  • Attachment index

1. Qualitative information on the quarter under review........................................................................................................................

2

(1)

Explanation of operating results ...................................................................................................................................................................

2

(2)

Explanation of financial position ...................................................................................................................................................................

2

(3)

Explanation of information related to future prospects including consolidated results forecasts ...................................

3

2. Consolidated financial statements and related notes.........................................................................................................................

4

(1)

Quarterly consolidated balance sheets ......................................................................................................................................................

4

(2)

Quarterly consolidated statements of income and consolidated statements of comprehensive income.....................

6

Quarterly consolidated statements of income ..............................................................................................................................................

6

Quarterly consolidated statement of comprehensive income................................................................................................................

7

(3)

Quarterly consolidated statements of cash flows..................................................................................................................................

8

(4)

Notes regarding quarterly consolidated financial statements .........................................................................................................

9

(Notes regarding going concern assumption) ..........................................................................................................................................

9

(Notes regarding significant changes in shareholders' equity [if any])...........................................................................................

9

(Segment information) ........................................................................................................................................................................................

9

3. Supplementary Materials.................................................................................................................................................................................

10

1

1. Qualitative information on the quarter under review

(1) Explanation of operating results

During the first quarter of the fiscal year, the Japanese economy remained in severe conditions due to the Coronavirus pandemic. In the manufacturing industry, the spread of the virus depressed exports and production, and while corporate sentiment remains subdued, there are signs of improvement. Overseas, the pandemic has wreaked havoc on the US and emerging market economies, although China has shown signs of a recovery.

In these conditions, the Group's net sales fell 9.2% year on year to ¥43,048 million due to continued production adjustments resulting from a decline in global demand for automobiles.

In terms of profits, operating income fell 14.6% year on year to ¥3,803 million, ordinary income fell 27.4% to ¥3,320 million mainly due to foreign exchange losses, and net income attributable to owners of the parent company fell by 44.7% to ¥1,829 million.

Net sales by segment for the first quarter of the fiscal year are as follows:

Sales in the Energy and Industrial Plants Divisiondecreased by 7.9% year on year to ¥12,518 million. When excluding the large-scale shipbuilding construction projects posted in the previous fiscal year, we find that demand was solid particularly from petroleum refining and petrochemical companies as well as electricity companies.

Sales in the Industrial Products Divisiondecreased by 4.5% year on year to ¥10,465 million, as the Coronavirus pandemic resulted in a slowdown in demand for inorganic thermal insulation materials for electronic parts. However, demand was strong for sealing materials for infrastructure applications.

Sales in the Advanced Products Divisionrose 28.8% year on year to ¥6,167 million due to front-loaded demand for semiconductors.

Sales in the Autoparts Divisionfell 31.6% year on year to ¥7,689 million due to the impact of production adjustments in the automotive industry as demand for automobiles declined worldwide with the spread of Coronavirus.

Sales in the Building Materials Divisionfell 8.7% year on year to ¥ 6,207 million as the pandemic resulted in the delay and postponement of construction projects.

(2) Explanation of financial position

1) Assets, liabilities, and net assets

Total assets at the end of the first quarter of the fiscal year ending March 31, 2021 were ¥206,047 million, down ¥2,029 million compared to the end of the previous fiscal year. This was largely because cash and deposits rose ¥2,660 million and costs on uncompleted construction contracts rose ¥2,616 million, while accounts receivable from completed construction contracts fell ¥5,139 million and notes and accounts receivable-trade fell ¥2,944 million.

Liabilities at the end of the first quarter of the fiscal year ending March 31, 2021 were ¥79,561 million, down ¥1,281 million compared to the end of the previous fiscal year. This was largely because deferred tax liabilities rose ¥1,036 million and advances received on uncompleted construction contracts rose ¥530 million, while income taxes payable fell ¥2,657 million.

Net assets at the end of the first quarter of the fiscal year ending March 31, 2021 were ¥126,485 million, down ¥747 million compared to the end of the previous fiscal year. This was largely because valuation difference on available-for-sale securities rose ¥991 million, while foreign currency translation adjustment declined ¥ 1,109 million and retained earnings fell ¥691 million.

2) Cash flows

Cash and cash equivalents at the end of the first quarter of the fiscal year ending March 31, 2021 (hereinafter, "cash") increased by ¥3,122 million compared with the end of the previous fiscal year to ¥36,230 million. Cash flows and factors affecting cash flows are as follows:

(Net cash provided by [used in] operating activities)

Net cash provided by operating activities was ¥8,071 million (compared to receipts of ¥5,453 million in the same period of the previous fiscal year).

This was primarily because, while cash decreased due to ¥2,980 million in income taxes paid and a ¥2,618 million increase in costs on uncompleted construction contracts, cash increased due to a ¥7,843 million decrease in trade receivables, ¥3,260 million in income before income taxes, and ¥1,567 million in depreciation.

2

(Net cash provided by [used in] investing activities)

Net cash used in investing activities was ¥ 1,806 million (compared to expenditures of ¥3,379 million in the same period of the previous fiscal year).

This was due to a decrease in cash due to ¥2,021 million in expenditures for the acquisition of property, plant and equipment.

(Net cash provided by [used in] financing activities)

Net cash used in financing activities was ¥2,646 million (compared to expenditures of ¥525 million in the same period of the previous fiscal year).

This was due to a decrease in cash from ¥2,385 million in cash dividends paid.

(3) Explanation of information related to future prospects including consolidated results forecasts

We had left our earnings forecasts for the consolidated fiscal year ending March 31, 2021 as "undetermined" because it was difficult to estimate what impact Coronavirus pandemic would have on operating results. However, with the resumption of economic activity after the government lifted the state of emergency, and based on our Group's April-June sales results and current orders trends, we are now in a position to release first-half and full-year earnings forecasts for FY2020. For details, please refer to "Announcement of earnings forecasts and extension of the medium-term management plan" announced separately today.

Our full-year forecasts factor in concerns about the impact of Coronavirus pandemic on the Autoparts Division, but expect a solid performance in other businesses from the second half of FY2020, especially the Energy and Industrial Plants Division.

Based on these conditions, our earnings forecasts for FY2020 are as follows: Net sales of ¥190,000 million (down 9.0% YoY); Operating income of ¥17,500 million (down 14.3% YoY); Ordinary income of ¥17,500 million (down 19.1% YoY); and Profit attributable to owners of the parent of ¥11,700 million (down 20.3% YoY).

The Company prepared these earnings forecasts based on the information available on the day that these materials were released, and actual results could differ from forecasts depending on a variety of factors.

3

2. Consolidated financial statements and related notes

(1) Quarterly consolidated balance sheets

(Millions of yen)

FY2019

FY2020 Q1

(As of March 31, 2020)

(As of June 30, 2020)

Assets

Current assets

Cash and deposits

34,320

36,981

Notes and accounts receivable-trade

29,767

26,823

Electronically recorded monetary claims

8,630

8,430

Accounts receivable

from completed construction

17,449

12,310

contracts

Merchandise and finished goods

14,023

15,141

Work in process

2,690

2,633

Raw materials and supplies

10,559

10,091

Costs on uncompleted construction contracts

5,601

8,217

Other

3,360

3,028

Allowance for doubtful accounts

(14)

(14)

Total current assets

126,390

123,644

Noncurrent assets

Property, plant and equipment

Buildings and structures

57,929

57,691

Accumulated

depreciation

and

impairment

(32,558)

(32,772)

loss

Buildings and structures, net

25,371

24,918

Machinery, equipment and vehicles

76,776

76,249

Accumulated

depreciation

and

impairment

(61,700)

(61,904)

loss

Machinery, equipment and vehicles, net

15,075

14,345

Land

14,511

14,576

Lease assets

365

356

Accumulated depreciation

(218)

(229)

Lease assets, net

146

127

Construction in progress

3,427

3,923

Other

9,814

9,970

Accumulated

depreciation

and

impairment

(8,081)

(8,295)

loss

Other, net

1,732

1,675

Total property, plant and equipment

60,265

59,566

Intangible assets

Software

735

728

Other

634

611

Total intangible assets

1,369

1,339

Investments and other assets

Investment securities

13,604

15,045

Net defined benefit asset

1,174

1,239

Deferred tax assets

1,380

1,250

Other

3,927

3,995

Allowance for doubtful accounts

(35)

(35)

Total investments and other assets

20,051

21,496

Total noncurrent assets

81,686

82,402

Total assets

208,076

206,047

4

(Millions of yen)

FY2019

FY2020 Q1

(As of March 31, 2020)

(As of June 30, 2020)

Liabilities

Current liabilities

Notes and accounts payable-trade

18,523

18,284

Electronically recorded monetary obligations

12,559

12,540

Current portion of bonds

400

400

Short-term loans payable

7,225

6,725

Accounts payable-other

5,576

4,846

Income taxes payable

3,355

698

Advances received on uncompleted construction

1,289

1,820

contracts

Provision for bonuses

3,134

1,911

Other

3,899

6,214

Total current liabilities

55,962

53,440

Noncurrent liabilities

Bonds payable

13,400

13,200

Long-term loans payable

3,300

3,800

Deferred tax liabilities

566

1,602

Net defined benefit liability

4,264

4,251

Reserves for litigation losses

416

416

Other

2,933

2,850

Total noncurrent liabilities

24,880

26,120

Total liabilities

80,843

79,561

Net assets

Shareholders' equity

Capital stock

12,128

12,128

Capital surplus

13,857

13,857

Retained earnings

101,206

100,515

Treasury stock

(4,053)

(4,053)

Total shareholders' equity

123,139

122,448

Total other cumulative comprehensive income

Valuation difference on available-for-sale securities

5,604

6,595

Foreign currency translation adjustment

(624)

(1,734)

Remeasurements of defined benefit plans

(1,821)

(1,732)

Total other cumulative comprehensive income

3,158

3,129

Non-controlling interests

936

907

Total net assets

127,233

126,485

Total liabilities and net assets

208,076

206,047

5

  1. Quarterly consolidated statements of income and consolidated statements of comprehensive income Quarterly consolidated statements of income

First quarter of consolidated fiscal year

(Millions of yen)

FY2019 Q1

FY2020 Q1

(From April 1, 2019

(From April 1, 2020

to June 30, 2019)

to June 30, 2020)

Net sales

Net sales of merchandise and finished goods

35,670

32,295

Net sales of completed construction contracts

11,719

10,753

Total net sales

47,390

43,048

Cost of sales

Cost of merchandise and finished goods sold

26,261

23,873

Cost of sales of completed construction contracts

9,859

9,094

Total cost of sales

36,120

32,968

Gross profit

11,270

10,080

Selling, general and administrative expenses

Selling expenses

2,177

2,054

General and administrative expenses

4,638

4,222

Total selling, general and administrative expenses

6,815

6,276

Operating income

4,454

3,803

Non-operating income

Interest income

5

24

Dividends income

187

201

Rent income

130

131

Equity in earnings of affiliates

28

19

Other

162

108

Total non-operating income

514

485

Non-operating expenses

Interest expenses

37

36

Foreign exchange losses

273

800

Other

86

131

Total non-operating expenses

397

968

Ordinary income

4,571

3,320

Extraordinary income

Gain on sales of noncurrent assets

3

3

Subsidy income

51

Total extraordinary income

3

54

Extraordinary loss

Loss on sales and retirement of noncurrent assets

50

33

Loss on reduction of non-current assets

45

Loss related to Coronavirus pandemic

36

Total extraordinary losses

50

115

Income before income taxes

4,524

3,260

Income taxes-current

783

711

Income taxes-deferred

461

694

Total income taxes

1,244

1,406

Net income

3,279

1,853

Profit (loss) attributable to non-controlling interests

(31)

24

Net income attributable to owners of the parent company

3,311

1,829

6

Quarterly consolidated statement of comprehensive income

First quarter of consolidated fiscal year

(Millions of yen)

FY2019 Q1

FY2020 Q1

(From April 1, 2019

(From April 1, 2020

to June 30, 2019)

to June 30, 2020)

Net income

3,279

1,853

Other comprehensive income

Valuation difference on available-for-sale securities

2

991

Foreign currency translation adjustment

4

(1,153)

Remeasurements of defined benefit plans

253

89

Total other comprehensive income

261

(72)

Comprehensive income

3,541

1,780

Breakdown

Comprehensive income attributable to owners of the

3,588

1,801

parent company

Comprehensive income attributable to minority interests

(46)

(20)

7

(3) Quarterly consolidated statements of cash flows

(Millions of yen)

FY2019 Q1

FY2020 Q1

(From April 1, 2019

(From April 1, 2020

to June 30, 2019)

to June 30, 2020)

Cash flows from operating activities

Income before income taxes

4,524

3,260

Depreciation & amortization

1,404

1,567

Increase (decrease) in net defined benefit liability

(71)

(13)

Increase (decrease) in provision for bonuses

(1,340)

(1,219)

Interest and dividends income received

(192)

(226)

Interest expenses

37

36

Foreign exchange losses (gains)

114

908

Decrease (increase) in notes and accounts receivable-trade

7,925

7,843

Decrease (increase) in inventories

(1,519)

(1,005)

Decrease (increase) in costs on uncompleted construction

(2,932)

(2,618)

contracts

Increase (decrease) in notes and accounts payable-trade

(2,125)

(86)

Increase (decrease) in accounts payable-other

(637)

(1,179)

Increase (decrease) in accrued expenses

2,725

2,457

Increase (decrease) in advances received on uncompleted

269

535

construction contracts

Loss (gain) on sales of investment securities

(30)

Loss on reduction of non-current assets

45

Subsidy income

(51)

Loss related to Coronavirus pandemic

36

Decrease (increase) in net defined benefit asset

(23)

(64)

Other

978

588

Subtotal

9,107

10,813

Interest and dividends income received

192

226

Interest expenses paid

(31)

(31)

Proceeds from subsidy income

51

Loss related to Coronavirus pandemic paid

(17)

Income taxes paid

(3,815)

(2,980)

Income taxes refund

8

Net cash provided by (used in) operating activities

5,453

8,071

Cash flows from investing activities

Net decrease (increase) in time deposits

(110)

431

Expenditures for the acquisition of property, plant and

(3,262)

(2,021)

equipment

Proceeds from sales of property, plant and equipment

17

5

Expenditures for the acquisition of intangible fixed assets

(20)

(101)

Proceeds from sales of investment securities

174

Payments of loans receivable

(2)

Collection of loans receivable

2

0

Other

(177)

(121)

Net cash provided by (used in) investing activities

(3,379)

(1,806)

Cash flows from financing activities

Net increase (decrease) in short-term loans payable

7,000

Proceeds from long-term borrowings

500

Repayment of long-term loans payable

(500)

Redemption of bonds

(5,200)

(200)

Cash dividends paid

(2,261)

(2,385)

Net decrease (increase) in treasury stock

(0)

(0)

Dividends paid to non-controlling interests

(11)

(7)

Other

(51)

(52)

Net cash provided by (used in) financing activities

(525)

(2,646)

Effect of exchange rate change on cash and cash equivalents

(34)

(496)

Net increase (decrease) in cash and cash equivalents

1,513

3,122

Cash and cash equivalents at beginning of period

27,730

33,108

Cash and cash equivalents at end of period

29,244

36,230

8

  1. Notes regarding quarterly consolidated financial statements (Notes regarding going concern assumption)
    Not applicable

(Notes regarding significant changes in shareholders' equity [if any]) Not applicable

(Segment information) Segment information

I. First quarter of fiscal year 2019 (April 1, 2019 to June 30, 2019)

1. Information on net sales and profit (loss) by reporting segment

(Millions of yen)

Reporting segments

Adjust

Quarterly

consolidated

-

Energy and

Industrial

Advanced

Autoparts

Building

Total

ments

profit/loss

Industrial Plants

Products

Products

Materials

posted

Net sales

Net sales to

external

13,588

10,963

4,787

11,248

6,801

47,390

47,390

customers

Intersegment

2,396

2,396

(2,396)

sales or transfers

Total

13,588

13,360

4,787

11,248

6,801

49,786

(2,396)

47,390

Segment profit (loss)

1,284

1,550

528

998

93

4,454

4,454

  1. Information related to impairment loss of noncurrent assets and goodwill by reporting segment: Not applicable

II. First quarter of fiscal year 2020 (April 1, 2020 to June 30, 2020)

  1. Information on net sales and profit (loss) by reporting segment

(Millions of yen)

Reporting segments

Quarterly

Adjust-

consolidated

Energy and

Industrial

Advanced

Autoparts

Building

Total

ments

profit/loss

Industrial Plants

Products

Products

Materials

posted

Net sales

Net sales to

external

12,518

10,465

6,167

7,689

6,207

43,048

43,048

customers

Intersegment

2,514

2,514

(2,514)

sales or transfers

Total

12,518

12,980

6,167

7,689

6,207

45,563

(2,514)

43,048

Segment profit (loss)

1,400

1,488

878

(20)

55

3,803

3,803

2. Information related to impairment loss of noncurrent assets and goodwill by reporting segment: Not applicable

9

3. Supplementary Materials

Financial results supplementary materials

(1) Key consolidated financial figures (Trends)

(Percentage figures represent changes from previous fiscal year)

(Millions

of yen)

First half

Full Year

FY2019

FY2020

FY2016

FY2017

FY2018

FY2019

FY2020

Result

Forecast

Change

Result

Result

Result

Result

Forecast

Change

Net sales

101,014

88,500

-12.4%

180,363

197,495

215,495

208,876

190,000

-9.0%

Operating income

9,969

7,000

-29.8%

19,600

21,357

22,629

20,427

17,500

-14.3%

Operating margin (%)

9.9%

7.9%

10.9%

10.8%

10.5%

9.8%

9.2%

Ordinary income

10,038

7,000

-30.3%

19,756

21,804

23,171

21,633

17,500

-19.1%

Ordinary income margin (%)

9.9%

7.9%

11.0%

11.0%

10.8%

10.4%

9.2%

Profit attributable to

7,040

4,400

-37.5%

13,409

14,956

15,861

14,674

11,700

owners of parent

-20.3%

Net income margin (%)

7.0%

5.0%

7.4%

7.6%

7.4%

7.0%

6.2%

Basic earnings per share (yen)

106.14

66.33

-37.5%

200.82

222.73

238.70

221.21

176.38

-20.3%

Total assets

205,558

175,999

196,459

206,426

208,076

Net assets

122,544

97,890

109,705

117,774

127,233

Shareholders' equity

121,627

97,367

109,195

116,786

126,297

Equity ratio (%)

59.2%

55.3%

55.6%

56.6%

60.7%

Interest-bearing debt

26,193

23,976

23,818

26,065

26,077

Interest-bearing debt ratio

12.7%

13.6%

12.1%

12.6%

12.5%

(%)

Capital expenditures

5,434

9,775

12,772

12,816

8,978

10,000

11.4%

Depreciation & amortization

2,903

3,969

4,800

5,760

6,274

6,500

3.6%

R&D expenses

3,021

5,446

5,692

5,976

6,132

6,000

-2.2%

*1The Company has applied the "Partial Amendments to 'Accounting Standard for Tax Effect Accounting'" (ASBJ Guidance No. 28, February 16, 2018) beginning in FY2018. These accounting standards have been retroactively applied to the figures for major management indicators for FY2017.

*2The Company carried out a reverse stock split on a one-for-two basis on October 1, 2018. Basic earnings per share are calculated based on the assumption that the reverse stock split was carried out at the beginning of FY2016.

(2) Quarterly consolidated operating results (Trends)

(Millions of yen)

FY2019

FY2020

Q1

Q2

Q3

Q4

Q1

Change

Net sales

47,390

53,623

51,556

56,305

43,048

-9.2%

Operating income

4,454

5,514

4,961

5,496

3,803

-14.6%

Operating margin (%)

9.4%

10.3%

9.6%

9.8%

8.8%

Ordinary income

4,571

5,466

5,415

6,179

3,320

-27.4%

Ordinary income margin (%)

9.6%

10.2%

10.5%

11.0%

7.7%

Profit attributable to owners

3,311

3,729

3,511

4,122

1,829

-44.7%

of parent

Net income margin (%)

7.0%

7.0%

6.8%

7.3%

4.3%

All forecasts and plans that are not historical facts in this document are future business results-related forecasts. These are based on information and data currently available to the company, and various uncertain factors could cause actual results to differ.

10

Disclaimer

Nichias Corporation published this content on 19 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2020 02:01:00 UTC


share with twitter share with LinkedIn share with facebook
All news about NICHIAS CORPORATION
09/29NICHIAS CORPORATION : Ex-dividend day for interim dividend
FA
08/18NICHIAS : Consolidated Financial Results for the First Quarter of the Fiscal Yea..
PU
08/03NICHIAS : Financial Results FY2020 Quarter 1
PU
03/30NICHIAS CORPORATION : Ex-dividend day for final dividend
FA
2019NICHIAS CORPORATION : Ex-dividend day for interim dividend
FA
2019NICHIAS CORPORATION : Ex-dividend day for final dividend
FA
2018NICHIAS CORPORATION : REVERSE SPLIT: 1 of 2
FA
2018NICHIAS CORPORATION : Ex-dividend day for interim dividend
FA
2018NICHIAS CORPORATION : Ex-dividend day for interim dividend
FA
2018NICHIAS CORPORATION : Ex-dividend day for final dividend
FA
More news
Financials
Sales 2021 191 B 1 816 M 1 816 M
Net income 2021 12 100 M 115 M 115 M
Net Debt 2021 - - -
P/E ratio 2021 12,9x
Yield 2021 3,23%
Capitalization 156 B 1 491 M 1 489 M
Capi. / Sales 2021 0,82x
Capi. / Sales 2022 0,78x
Nbr of Employees 6 260
Free-Float 85,6%
Chart NICHIAS CORPORATION
Duration : Period :
Nichias Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NICHIAS CORPORATION
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 2 600,00 JPY
Last Close Price 2 355,00 JPY
Spread / Highest target 18,9%
Spread / Average Target 10,4%
Spread / Lowest Target 1,91%
EPS Revisions
Managers
NameTitle
Toshiyuki Takei President & Representative Director
Satoshi Tanabe Director, Executive Officer & GM-Technology
Kiyoshi Sato Executive Officer, GM-Research & Development
Shoichi Yonezawa Director & Senior Managing Executive Officer
Yujiro Sato Director & Managing Executive Officer
Sector and Competitors
1st jan.Capitalization (M$)
NICHIAS CORPORATION-15.44%1 521
CHINA NATIONAL CHEMICAL ENGINEERING CO., LTD.-15.22%4 043
SAMSUNG ENGINEERING CO., LTD.-44.01%1 916
FLSMIDTH & CO-34.10%1 396
TAIKISHA LTD.-27.73%914
AME ELITE CONSORTIUM10.64%210