Tokuyama Corp. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2013; Provides Earnings Guidance for Fiscal 2013, Ending on March 31, 2014
October 31, 2013 at 03:17 pm EDT
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Tokuyama Corp. reported consolidated earnings results for the six months ended September 30, 2013. For the quarter, the company reported net sales of JPY 135,034 million compared to JPY 125,985 million a year ago. Operating income was JPY 7,811 million compared to JPY 792 million a year ago. Ordinary income was JPY 6,094 million compared to ordinary loss of JPY 1,980 million a year ago. Net income was JPY 4,518 million or JPY 12.99 per share compared to net loss of JPY 2,539 million or JPY 7.30 per share a year ago. Operating income decreased due chiefly to decreased sales volume of and a drop in selling prices of polycrystalline silicon. Net cash provided by operating activities was JPY 11,028 million compared to JPY 5,066 million a year ago. Income before income taxes and minority interests was JPY 5,722 million compared to loss before income taxes and minority interests of JPY 3,146 million a year ago. Purchase of property, plant and equipment was JPY 16,669 million compared to JPY 13,732 million a year ago. Net assets value per share as of September 30, 2013 was JPY 640.20 compared to JPY 625.29 as of March 31, 2013.
For the fiscal year 2013, ending on March 31, 2014, the company expected consolidated net sales of JPY 275,500 million, operating income of JPY 14,000 million, ordinary income of JPY 10,000 million and net income of JPY 7,500 million or JPY 21.56 per share.
Tokuyama Corporation specializes in manufacturing and marketing chemical products. Net sales break down by family of products as follows:
- staple chemical products (28%): primarily caustic soda, sodium chlorite, calcium chloride, polyvinyl chloride, polypropylene and methylene;
- fine chemistry products (14.6%): primarily for the manufacturing of packaging, dental care equipments and clinical analysis systems;
- specialty chemical products (15.1%): detergents, emulsifiers, additives, chemical intermediates, etc.;
- other (12.5%).
The remaining sales (29.8%) are from the cement production activity.
At the end of march 2021, the group had 10 production sites located in Japan (2) and Asia (8).
Net sales are distributed geographically as follows: Japan (78.9%), Asia (17.1%) and other (4%).
Tokuyama Corp. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2013; Provides Earnings Guidance for Fiscal 2013, Ending on March 31, 2014