Nippon Kayaku Co., Ltd. Revises Earnings Guidance for the First Half and Full Year Ending March 31, 2022
August 03, 2021 at 08:45 pm EDT
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Nippon Kayaku Co., Ltd. revises earnings guidance for the first half and full year ending March 31, 2022. For the first half, the company now expects Net sales of JPY 91,300 million, Operating income of JPY 9,800 million and Profit attributable to owners of parent of JPY 8,000 million or JPY 46.91 per share against previous forecast of Net sales of JPY 84,500 million, Operating income of JPY 5,300 million and Profit attributable to owners of parent of JPY 4,500 million or JPY 26.35 per share.
For the full year, the company now expects Net sales of JPY 184,800 million, Operating income of JPY 17,400 million and Profit attributable to owners of parent of JPY 14,000 million or JPY 82.10 per share against previous forecast of Net sales of JPY 176,000 million, Operating income of JPY 12,400 million and Profit attributable to owners of parent of JPY 10,100 million or JPY 59.14 per share.
NIPPON KAYAKU CO., LTD. is primarily engaged in the manufacture and sale of functional chemical products. The Company has three business segments. The Functional Chemical segment manufactures and sells functional materials, such as epoxy resin, ultraviolet curable resin and high-performance chemicals; pigment materials, including functional dyes, pigment for inkjet printers and others; catalysts, such as catalysts for acrylic and methacrylic acid manufacturing, as well as coloring materials, such as dyes and special coloring materials for nonfibrous products, among others. The Pharmaceutical segment supplies pharmaceutical products, medical intermediates and diagnostic medicines, among others. The Safety Systems segment provides inflators for airbags and micro gas generators for seatbelt pretensioners. The Company is also engaged in the manufacture and sale of agricultural chemicals.
NIPPON KAYAKU CO., LTD. 
