Nitto Boseki Co., Ltd. Reported Consolidated Earnings Results for the Six Months Ended September 30, 2019; Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2020; Announces Second Quarter Dividend Guidance for the Fiscal Year Ending March 31, 2020, Payable on December 16, 2019; Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2020
November 05, 2019
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Nitto Boseki Co., Ltd. reported consolidated earnings results for the six months ended September 30, 2019. For the period, the company reported net sales of ¥42,762 million against ¥41,502 million for the same period a year ago. Operating profit was ¥3,394 million against ¥4,392 million for the same period a year ago. Profit was ¥2,122 million against ¥4,551 million for the same period a year ago. Basic earnings per share were ¥53.24 against ¥116.87 for the same period a year ago.
The company revised consolidated earnings guidance for the fiscal year ending March 31, 2020. For the period, the company expects net sales of¥ 89,000 million, operating profit of ¥8,200 million, profit attributable to owners of parent of ¥5,800 million and basic earnings per share of ¥149.48 against previously expected net sales of ¥90,000 million, operating profit of ¥8,500 million, profit attributable to owners of parent of ¥6,200 million and basic earnings per share of ¥159.79.
The company announced second quarter dividend of ¥20.00 per share for the fiscal year ending March 31, 2020. Scheduled date of commencement of dividend is December 16, 2019.
For the year ending March 31, 2019, the company expects year end dividend of ¥20.00 per share.
NITTO BOSEKI CO., LTD. is principally engaged in the operation of textile business, glass fiber yarn business, glass fiber cloth business, glass fiber for industrial materials business, life science business, and other businesses. Textiles segment manufactures and sells textile products, including core spun yarn, stretched products, interlining products and secondary products. Glass Fiber Yarn segment manufactures and sells glass raw fiber products, including yarn, roving and chopped strands. Glass Fiber Cloth segment manufactures and sells glass fiber functional products. Glass Fiber for Industrial Materials segment manufactures and sales glass wool products and glass fiber products for use in industrial materials. Life Science segment manufactures and sells reagents for in-vitro diagnostic drugs, specialty chemicals products and soft drinks, among others. The Others segment operates real estate related business, as well as other businesses.
Nitto Boseki Co., Ltd. Reported Consolidated Earnings Results for the Six Months Ended September 30, 2019; Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2020; Announces Second Quarter Dividend Guidance for the Fiscal Year Ending March 31, 2020, Payable on December 16, 2019; Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2020