Nikko : Fiscal Year 2021 (Ending March 31 2022) 3rd Quarter Financial Results Briefing Session Materials
March 17, 2022 at 06:41 am EDT
Share
In this briefing session material, "AP" denotes asphalt plants and "BP" denotes concrete plants of our business.
1
2
I would like to explain the good points till the third quarter of the current fiscal year and the matters whose progress was lacking.
Both sales and profits have grown through the third quarter. Net sales rose 10.3% compared with the same period a year earlier and we were also able to secure enough profits for operating income to offset the significant rise in costs of raw materials such as steel.
Among the segments, BP, or the batching plant business, in particular has been very strong in the current fiscal year. On the other hand, new orders received have been a little slow during the period. Due to this, order backlog has declined compared with the same period a year earlier.
3
Here are the highlights of the financial results.
Sales increased 10% compared with the same period a year earlier to 27.165 billion yen and operating income rose 13.6% to 1.027 billion yen. Net income declined compared with the same period a year earlier and this was because of a special factor in the previous fiscal year.
New orders received declined 747 million yen compared with the same period a year earlier to 28.146 billion yen. As for the business climate for asphalt, mixture shipment volume was at a similar level to the previous year. Ready‐mixed concrete shipment declined 2.6% compared with the same period a year earlier. All companies have raised the price of ready‐mixed concrete and our customers' performance has been steady.
4
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
NIKKO Co. Ltd. published this content on 17 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2022 10:40:05 UTC.
NIKKO CO., LTD. is a Japan-based company principally engaged in the manufacture and sale of asphalt plants, concrete plants, as well as environment and transport machinery. The Company operates in three business segments. Asphalt Plant-Related Business segment produces asphalt plants, recycling plants, as well as compound silos, among others. Concrete Plant-Related Business segment produces concrete plants, concrete pumps, as well as factory equipment for concrete product production, among others. Environment and Transportation Related Businesses segment produces environment and recycling plants, conveyor systems. The Company is also involved in the manufacture of pipe frame scaffolds, steel road boards, pipe supports, small concrete mixers, mortar mixers, sluice gates, crushers, among others, as well as the sale of real estate leasing and home renovation.