Nippon Denko Co., Ltd. Provides Earnings Guidance for the Full Year of 2021
August 17, 2021 at 09:00 pm EDT
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Nippon Denko Co., Ltd. provided earnings guidance for the full year of 2021. For the period, the company expects net sales will be JPY 65 billion, and ordinary profit will be JPY 5.5 billion. In any case, profits will increase by 80% compared to last year, and net income is expected to be JPY 4 billion, an increase of about 50% compared to last year.
Nippon Denko Co., Ltd. is mainly engaged in the manufacture of ferro-alloy products, functional materials and environmental systems. The Company operates in four segments. The Ferro-alloy segment manufactures and sells ferromanganese, silicon manganese, ferrochromium, ferrosilicon, ferrovanadium and other special metal products, as well as the sale of manganese ore. The Functional Materials segment offers ferro-boron, chromium metals, zirconium oxide and lithium-ion secondary battery materials, among others. The Environmental System segment is involved in the collection of chromium acid, boric acid, nickel and others, and the water supply business. The Others segment is involved in the sale of industrial chemicals, metal products and precious metal compounds, the manufacture and sale of analyzers and aluminum electrode foils for the steel industry, and electrode foils, the processing and sale of plastic, and the recycling and sale of concrete wastes.
NIPPON DENKO CO., LTD. 
