Nissan Chemical Corporation Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and Fiscal Year Ending March 31, 2024
May 15, 2023 at 02:00 am EDT
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Nissan Chemical Corporation provided consolidated earnings guidance for the six months ending September 30, 2023 and fiscal year ending March 31, 2024. For the period, the company expects net sales of JPY 108,600 million, operating profit of JPY 26,100 million, profit attributable to owners of parent JPY 19,700 million and basic earnings per share of JPY 140.74.
For the year, the company expects net sales of JPY 237,300 million, operating profit of JPY 54,700 million, profit attributable to owners of parent of JPY 41,500 million and basic earnings per share of JPY 297.618.
Nissan Chemical Corporation specializes in manufacturing and marketing chemical products. Net sales break down by family of products as follows:
- performance materials (30.2%): polyimide resins, colloids, silicas, inorganic materials, etc. for the manufacturng of electronic products (semiconductors, LCD displays, etc.);
- agrochemical products (25.1%): insecticides (Sanmite, Starmite, Mito-Kohne, Leimay and Ikaruga brands), herbicides (Roundup, Targa, Sirius and Permit), fertilizers, etc.;
- basic chemicals and fine chemicals (11.3%): melamine, sulfuric acid, nitric acid, ammonia, etc.;
- pharmaceutical products (2.9%): primarily for treatment of angina, hypertension, cholesterol, etc.;
- other (25.8%).
The remaining sales (25.8%) are from the chemicals trading activity.
Net sales break down geographically as follows: Japan (47.7%), China (14.5%), Korea (10.3%), Asia (13.8%), Europe and the United States (13.7%).
NISSAN CHEMICAL CORPORATION 
