Nichiha Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 2017; Provides Earnings Forecast for the Six Months and Full Year of Fiscal 2018; Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal 2018
July 28, 2017 at 02:10 am EDT
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Nichiha Corporation reported consolidated earnings results for the first quarter ended June 2017. For the quarter, the company's net sales were JPY 27,420 million compared to JPY 27,550 million a year ago. Operating income was JPY 2,618 million compared to JPY 2,445 million a year ago. Ordinary income was JPY 2,708 million compared to JPY 2,121 million a year ago. Profit attributable to owners of parent was JPY 1,901 million compared to JPY 1,304 million a year ago. Diluted net income per share was JPY 51.33 compared to JPY 35.24 a year ago.
The company provided earnings forecast for the six months and full year of fiscal 2018. For the six months ending September 2017, the company expects net sales of JPY 57,600 million, operating income of JPY 6,500 million, ordinary income of JPY 6,600 million and profit attributable to owners of parent of JPY 4,500 million or JPY 121.71 per share.
For the full year ending March 31, 2018, the company expects net sales of JPY 119,000 million, operating income of JPY 13,800 million, ordinary income of JPY 14,100 million and profit attributable to owners of parent of JPY 10,000 million or JPY 270.47 per share.
For the second quarter of fiscal 2018, the company plans to pay JPY 27.50 per share against JPY 21.00 a year ago.
For the year ending March 2018, the company plans to pay JPY 27.50 per share against JPY 31.00 a year ago.
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 2017; Provides Earnings Forecast for the Six Months and Full Year of Fiscal 2018; Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal 2018