Sekisui Jushi Corporation Reports Earnings Results for the Third Quarter Ended December 2015; Provides Earnings Guidance for the Fourth Quarter Ending March 31, 2016
January 26, 2016 at 11:00 am EST
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Sekisui Jushi Corporation reported earnings results for the third quarter ended December 2015. For the quarter, the company reported net sales of JPY 48,885 million compared to JPY 47,057 million a year ago. Operating income was JPY 5,968 million compared to JPY 5,810 million a year ago. Ordinary income was JPY 6,094 million compared to JPY 6,083 million a year ago. Profit attributable to owners of parent was JPY 3,871 million compared to JPY 4,174 million a year ago. Net income per share was JPY 87.15 compared to JPY 93.97 a year ago.
The company provided earnings guidance for the fourth quarter ending March 31, 2016. For the quarter, the company expects net sales to be of JPY 71,000 million. Operating income expected to be of JPY 9,400 million. Ordinary income expected to be of JPY 9,500 million. Profit attributable to owners of parent expected to be of JPY 6,150 million. Net income per share expected to be of JPY 138.43.
Sekisui Jushi Corporation is a Japan-based manufacturing company mainly engaged in the transportation and landscape related products, sports facilities related products, living and construction products, integrated logistics materials related products business. The Company operates in two segments. The Public segment manufactures, processes and sells soundproof wall materials, traffic safety products, signs, thermal insulation pavement, protective fence, high field, shelter, artificial turf and others. The Private segment manufactures, process and sells mesh fences, artificial timber, meta color building materials, aluminum resin laminated composite boards, packaging bands, stretch films and others.
Sekisui Jushi Corporation Reports Earnings Results for the Third Quarter Ended December 2015; Provides Earnings Guidance for the Fourth Quarter Ending March 31, 2016