Nippon Shokubai Co., Ltd. Reports Earnings Results for the First Quarter Ended June 30, 2023
August 07, 2023 at 12:00 am EDT
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Nippon Shokubai Co., Ltd. reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was JPY 97,362 million compared to JPY 111,505 million a year ago. Net income was JPY 4,575 million compared to JPY 7,591 million a year ago.
Basic earnings per share from continuing operations was JPY 116.37 compared to JPY 190.37 a year ago. Diluted earnings per share from continuing operations was JPY 116.35.
NIPPON SHOKUBAI CO., LTD. is engaged in the manufacture and sale of chemicals. The Company has three business segments. The Basic Chemical segment manufactures and sells acrylic acid, acrylic acid ester, ethylene oxide, ethylene glycol, ethanolamine, and glycol ethers. The Functional Chemical segment is involved in the manufacture and sale of water-absorbing resins, medical intermediates, polymers for concrete admixtures, electronic information materials, iodine, maleic anhydrides, adhesives, resins for coating materials, resin molding products and processed adhesive products. The Environmental and Catalytic segment manufactures and sells automobile catalysts, nitrogen oxide (NOx) removal catalysts, process catalysts and others.
NIPPON SHOKUBAI CO., LTD. 
