Nichiha Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 2015; Provides Earnings Forecast for the Six Months and Full Year of Fiscal 2016
July 31, 2015 at 11:50 am EDT
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Nichiha Corporation reported consolidated earnings results for the first quarter ended June 2015. For the quarter, the company's net sales were JPY 25,627 million compared to JPY 25,509 million a year ago. Operating income was JPY 1,254 million compared to JPY 1,569 million a year ago. Ordinary income was JPY 1,327 million compared to JPY 1,482 million a year ago. Profit attributable to owners of parent was JPY 936 million compared to JPY 986 million a year ago. Diluted net income per share was JPY 25.30 compared to JPY 26.66 a year ago.
The company provided earnings forecast for the six months and full year of fiscal 2016. For the six months ending September 2015, the company expects net sales of JPY 53,700 million, operating income of JPY 3,800 million, ordinary income of JPY 3,800 million and profit attributable to owners of parent of JPY 2,600 million or JPY 70.45 per share.
For the full year ending March 31, 2016, the company expects net sales of JPY 110,000 million, operating income of JPY 8,600 million, ordinary income of JPY 8,500 million and profit attributable to owners of parent of JPY 5,400 million or JPY 146.32 per share.
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 Reports Consolidated Earnings Results for the First Quarter Ended June 2015; Provides Earnings Forecast for the Six Months and Full Year of Fiscal 2016