Nippon Denko Co., Ltd. Revises Consolidated Earnings Guidance for the Year Ended December 31, 2023
February 09, 2024 at 03:00 am EST
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Nippon Denko Co., Ltd. revised consolidated earnings guidance for the year ended December 31, 2023. For the year, the company revised net sales of JPY 76,406 million compared to previous guidance of JPY 78,000 million. Operating profit of JPY 4,741 million.
Profit attributable to owners of parent of JPY 4,182 million compared to previous guidance of JPY 3,000 million. Earnings per share of JPY 30.43 compared to previous guidance of JPY 21.78.
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. 
