Nippon Denko Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 11, 2023 at 02:06 am EDT
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Nippon Denko Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was JPY 20,719 million. Net income was JPY 146 million.
Basic earnings per share from continuing operations was JPY 1.06.
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.