Nippon Shokubai Co., Ltd. Revises Earnings Guidance for the Fiscal Year Ending March 31, 2023
March 22, 2023 at 04:00 am EDT
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Nippon Shokubai Co., Ltd. revised earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects revenue of JPY 420,000 million compared to previous forecasts of JPY 440,000 million, operating profit of JPY 21,000 million compared to previous forecasts of JPY 26,500 million, Profit attributable to owners of parent of JPY 17,000 million compared to previous forecasts of JPY 21,000 million and basic earnings per share of JPY 428.07 compared to previous forecasts of JPY 528.92.
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. 
