Okura Industrial Co., Ltd. Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending December 31, 2023
February 10, 2023 at 02:30 am EST
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Okura Industrial Co., Ltd. provided consolidated earnings guidance for the first half and fiscal year ending December 31, 2023. For the first half, the company expects net sales to be JPY 39,700 million, Operating profit to be JPY 2,200 million, profit attributable to owners of parent to be JPY 1,650 million or JPY 138.24 per basic share.
For the full year, the company expects net sales to be JPY 81,000 million, Operating profit to be JPY 4,500 million, profit attributable to owners of parent to be JPY 3,500 million or JPY 293.23 per basic share.
Okura Industrial Co., Ltd. is a Japan-based company mainly engaged in the processing, manufacture and sale of polyethylene, polypropylene and optical functional film products, processed plywood, particle boards and processed boards, among others. The Company operates through three business segments. The Synthetic Resin segment is engaged in the processing and sale of synthetic resin products such as polyethylene films and polypropylene films. The New Materials segment provides optical films, urethane films, seamless belts, adhesives composite materials. The Building Materials segment provides decorative panels, particleboards and other housing materials. The Company is also engaged in the hotel business, wood processing business, residential land creation and building construction business, information processing system development business, property insurance agency business, cable TV broadcasting business and real estate rental business.
OKURA INDUSTRIAL CO., LTD. 
