Nitto Kogyo Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Earnings Guidance for the Half Year Ending September 30, 2015 and Full Year Ending March 31, 2016
July 31, 2015 at 10:00 am EDT
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Nitto Kogyo Corporation reported consolidated earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported net sales of JPY 23,087 million against JPY 22,600 million a year ago. Operating income was JPY 1,834 million against JPY 2,192 million a year ago. Ordinary income was JPY 1,801 million against JPY 2,134 million a year ago. Net income was JPY 1,104 million against JPY 1,222 million a year ago. Diluted net income per share was JPY 27.29 against JPY 30.27 a year ago.
The company provided consolidated earnings guidance for the half year ending September 30, 2015 and fiscal year ending March 31, 2016. For the half year ending September 30, 2015, the company expects net sales of JPY 52,000 million, operating income of JPY 5,700 million, ordinary income of JPY 5,700 million, profit attributable to owners of parent of JPY 3,400 million and net income per share of JPY 84.30.
For the fiscal year ending March 31, 2016, the company expects net sales of JPY 113,500 million, operating income of JPY 15,000 million, ordinary income of JPY 14,800 million, profit attributable to owners of parent of JPY 9,400 million and net income per share of JPY 233.08.
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 Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Earnings Guidance for the Half Year Ending September 30, 2015 and Full Year Ending March 31, 2016
NITTO KOGYO CORPORATION 
