Nitto Fuji Flour Milling Co., Ltd. Revises Consolidated and Non Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017
January 31, 2017 at 08:00 am EST
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Nitto Fuji Flour Milling Co., Ltd. revised consolidated and non-consolidated earnings guidance for the fiscal year ending March 31, 2017. For the year, on consolidated basis, the company now expects net sales of JPY 49,000 million, operating income of JPY 2,300 million, ordinary income of JPY 2,450 million, net income of JPY 1,700 million and net income per share of JPY 371.16 compared to previous guidance of net sales of JPY 51,340 million, operating income of JPY 1,660 million, ordinary income of JPY 1,790 million, net income of JPY 1,250 million and net income per share of JPY 272.90.
For the year, on non-consolidated basis, the company now expects net sales of JPY 37,000 million, ordinary income of JPY 2,100 million, net income of JPY 1,500 million and net income per share of JPY 327.49 compared to previous guidance of net sales of JPY 39,650 million, ordinary income of JPY 2,100 million, net income of JPY 1,500 million and net income per share of JPY 327.49. Net sales are projected to be lower than previously forecast due to revisions in the price for wheat flour products.
NITTO FUJI FLOUR MILLING CO.,LTD. is a Japan-based company mainly engaged in the flour manufacture and food business. The Company operates in three business segments. The Flour and Food segment is engaged in the manufacture and sale of flour, mix flour, food products, as well as the design and construction of flour manufacture and noodle making factories, as well as the wheat and wheat silo machines. The Restaurant segment operates Kentucky Fried Chicken (KFC) restaurants as franchisee, and also operates other kinds of restaurants. The Transportation segment is involved in the transportation of wheat and other products.
NITTO FUJI FLOUR MILLING CO.,LTD. 
