Nippon Light Metal Holdings Company, Ltd. Reports Earnings Results for the Year Ended March 31, 2021
May 26, 2021 at 01:00 am EDT
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Nippon Light Metal Holdings Company, Ltd. reported earnings results for the year ended March 31, 2021. For the period, the company announced net sales decreased significantly due to the impact of falling bullion prices and a drop in demand caused by the spread of COVID-19. Ordinary profit recovered sharply in H2 of the year, mainly in automobile-related products, and at the same time, were able to secure the same level of ordinary profit as the previous fiscal year due to the combined effect of drastic reductions in travel and other expenses.
Nippon Light Metal Holdings Company, Ltd. is a Japan-based company mainly engaged in the manufacture and sale of alumina and chemical products, board and extrusion products, processed products, foil and powder product. The Company has four business segments. The Aluminum, Chemicals and Metals segment is engaged in the provision of alumina, aluminum hydroxide, various chemicals, aluminum bullions, aluminum alloys and others. The Board and Extrusion Products segment is engaged in the provision of aluminum sheets and aluminum extrusion products. The Processed Products and Related Business segment is engaged in the provision of processed aluminum products, including electronic materials, industrial components, landscape related products, panels for freezers and refrigerators, transportation related products, and carbon products, as well as the information processing and insurance agency services. The Foil and Powder Products segment is engaged in the provision of foil and powder products.
NIPPON LIGHT METAL HOLDINGS COMPANY, LTD. 
