Nitto Kogyo Corporation Provides Consolidated and Non-Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and Full Year Ending March 31, 2024
May 15, 2023 at 03:40 am EDT
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Nitto Kogyo Corporation provided consolidated and non-consolidated earnings guidance for the six months ending September 30, 2023 and full year ending March 31, 2024. For the six months, on consolidated basis, the company expects net sales of ¥73,000 million, operating profit of ¥3,900 million, Profit attributable to owners of parent of ¥2,700 million and Basic earnings per share of ¥71.18.
For the year, on consolidated basis, the company expects net sales of ¥156,000 million, operating profit of ¥10,100 million, Profit attributable to owners of parent of ¥7,100 million and Basic earnings per share of ¥187.33.
For the six months, on non-consolidated basis, the company expects net sales of ¥37,500 million, operating profit of ¥2,500 million, net income of ¥1,900 million and Basic earnings per share of ¥50.09.
For the year, on consolidated basis, the company expects net sales of ¥81,000 million, operating profit of ¥6,700 million, net income of ¥4,900 million and Basic earnings per share of ¥129.18.
NITTO KOGYO CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of switchboard-related products, as well as the purchase and sale of information and communication equipment. The Company operates in three business segments. The Switchboard-related segment manufactures and sells switchboards, cabinets, breakers, switches and parts, among others. The Information and Communication related Distribution segment purchases and sells information communication equipment and other materials. The Works and Services segment is engaged in the construction of electrical equipment and network systems, and the provision of maintenance service.
Nitto Kogyo Corporation Provides Consolidated and Non-Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and Full Year Ending March 31, 2024