Nippon Denko Co., Ltd. Reports Consolidated Earnings Results for the Second Quarter of the Fiscal Year Ending December 2020
August 19, 2020 at 12:00 am EDT
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Nippon Denko Co., Ltd. reported consolidated earnings results for the second quarter of the fiscal year ending December 2020. For the period, consolidated net sales declined 25% YoY, or JPY9.1 billion, to JPY27.5 billion. On the other hand, operating income increased by JPY4.4 billion YoY to JPY4 billion, due to a significant increase in profit in the Ferroalloys Business.
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. 
