Nitto Kogyo Corporation Reports Earnings Results for the First Quarter Ended June 30, 2018; Provides Earnings Guidance for the Six Months Ending September 2018 and Year Ending March 2019
July 30, 2018 at 02:10 am EDT
Share
Nitto Kogyo Corporation reported earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported operating profit of ¥565 million, ordinary profit of ¥584 million and profit attributable to owners of the parent of ¥141 million or ¥3.50 per basic share on net sales of ¥24,311 million against operating profit of ¥506 million, ordinary profit of ¥484 million and profit attributable to owners of the parent of ¥60 million or ¥1.49 per basic share on net sales of ¥22,875 million reported for the same period a year ago.
For the six months ending September 2018, the company expects operating profit of ¥1,800 million, ordinary profit of ¥1,800 million and profit attributable to owners of the parent of ¥900 million or ¥22.24 per basic share on net sales of ¥51,500 million.
For the year ending March 2019, the company expects operating profit of ¥7,000 million, ordinary profit of ¥6,900 million and profit attributable to owners of the parent of ¥4,200 million or ¥103.80 per basic share on net sales of ¥112,000 million.
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 Earnings Results for the First Quarter Ended June 30, 2018; Provides Earnings Guidance for the Six Months Ending September 2018 and Year Ending March 2019