Nittoseiko Co.,Ltd. Provides Consolidated Financial Guidance for the Six Months Ending June 30, 2021 and Fiscal Year Ending December 31, 2021
May 14, 2021 at 04:00 am EDT
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Nittoseiko Co.,Ltd. provided consolidated financial guidance for the Six months ending June 30, 2021 and fiscal year ending December 31, 2021. For the Six months, the company expects net sales of JPY 19,600 million, operating profit of JPY 1,400 million, profit attributable to owners of parent of JPY 900 million and Earnings per share of JPY 24.37.
For the fiscal year, the company expects net sales of JPY 38,000 million, operating profit of JPY 2,400 million, profit attributable to owners of parent of JPY 1,600 million and Earnings per share of JPY 43.32.
NITTO SEIKO CO., LTD. is a manufacturer of industrial fasteners and tools, industrial and precision machinery, as well as measuring and control equipment. The Company operates in three business segments. The Fastener segment offers precision screw parts, special cold-headed parts and industrial fasteners. The Industrial Machinery segment offers automatic assembly systems, including free cycle conveyors, automatic screw fastening machines, automatic rivet caulking machines, assembly robots and other industrial machinery. The Control segment offers flow meters, high performance inspection sorting equipment, automatic penetration testing machine for geological survey, micro bubble washing equipment.