Nichiha Corporation Announces Earnings Results for the First Quarter Ended of June 30, 2018; Provides Earnings Guidance for the Full Year Ending of March 31, 2019
July 31, 2018 at 02:40 am EDT
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Nichiha Corporation announced earnings results for the first quarter ended of June 30, 2018. For the quarter, the company reported net sales of JPY 27,742 million compared to JPY 27,420 million a year ago. Operating profit was JPY 2,381 million compared to JPY 2,618 million a year ago. Ordinary profit was JPY 2,477 million compared to JPY 2,708 million a year ago. Profit attributable to owners of parent was JPY 1,830 million compared to JPY 1,901 million a year ago. Diluted earnings per share were JPY 49.42 compared to JPY 51.33 a year ago. Rate of return on equity was 14.6% compared to 14.3% a year ago.
For the full year ending of March 31, 2019, the company expects net sales to be of JPY 120,000 million. Operating profit expected to be of JPY 14,000 million. Ordinary profit expected to be of JPY 14,200 million. Profit attributable to owners of parent expected to be of JPY 10,200 million. Basic earnings per share expected to be of JPY 275.87.
Nichiha Corp is a company mainly engaged in the manufacture and sale of armoring materials. The armoring material business is engaged in the manufacture and sale of armoring materials and external wall materials for ceramic industry, as well as metal armoring materials and templates. The fiber board business is engaged in the manufacture and sale of fiber boards. The construction business is engaged in the operation of exterior finish works using the Company's products. The FP business is engaged in the manufacture and sale of urethane insulation panels, custom home sales and home remodeling. The others business is engaged in the operation of maintenance business, cleaning business and industrial waste business related to the product manufacturing.
Nichiha Corporation Announces Earnings Results for the First Quarter Ended of June 30, 2018; Provides Earnings Guidance for the Full Year Ending of March 31, 2019
NICHIHA CORPORATION 
