Nichiha Corporation Reports Consolidated Earnings Results for the Six Months Ended September 30, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020; Announces Dividend for the Second Quarter Ended September 30, 2019; Provides Dividend Guidance for the Year End of Fiscal Year Ending March 31, 2020
November 08, 2019 at 03:00 am EST
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Nichiha Corporation reported consolidated earnings results for the six months ended September 30, 2019. For the period, the company's net sales were JPY 60,600 million compared to JPY 56,570 million a year ago. Operating profit was JPY 6,076 million compared to JPY 5,435 million a year ago. Profit was JPY 4,887 million compared to JPY 4,228 million a year ago. Earnings per share was JPY 131.20 compared to JPY 113.63 a year ago. Diluted earnings per share was JPY 130.93 compared to JPY 113.41 a year ago.
The company provided earnings guidance for the year ending March 31, 2020. For the year, the company expects net sales of JPY 127,100 million, operating profit of JPY 14,000 million, profit attributable to owners of parent of JPY 10,700 million and earnings per share of JPY 289.32.
The company announced dividend for the second quarter ended September 30, 2019. For the second quarter, the company announced dividend of JPY 30 per share compared to JPY 28 per share a year ago. Scheduled date of commencing dividend payments is on December 2, 2019.
The company also provided dividend guidance for the year end of fiscal year ending March 31, 2020. For the year end, the company expects dividend of JPY 30 per share compared to JPY 28 per share 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 Six Months Ended September 30, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020; Announces Dividend for the Second Quarter Ended September 30, 2019; Provides Dividend Guidance for the Year End of Fiscal Year Ending March 31, 2020
NICHIHA CORPORATION 
