Ultrafabrics Holdings Co.,Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending June 2023 and Year Ending December 31, 2023
May 15, 2023 at 02:00 am EDT
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Ultrafabrics Holdings Co.,Ltd. provided consolidated earnings guidance for the six months ending June 2023 and year ending December 31, 2023. For the six months, the company expects sales to be ¥10,500 million. Operating profit to be ¥1,750 million. Profit to be ¥1,000 million. Profit attributable to owners of parent to be ¥1,000 million or Basic earnings per share to be ¥55.00 per share.
For the year, the company expects sales to be ¥21,100 million. Operating profit to be ¥3,500 million. Profit to be ¥2,100 million. Profit attributable to owners of parent to be ¥2,100 million or Basic earnings per share to be ¥115.00 per share.
Ultrafabrics Holdings Co.,Ltd., formerly Daiichi Kasei Co.,Ltd., is a Japan-based company engaged in manufacture and sale of polyurethane leather. There are four main uses for polyurethane leather products. Products for furniture are applied to chairs and other high-end office furniture mainly in North America, and the contract furniture used in hotels, restaurants, theaters. Automobiles products are sold as interior materials such as automobile gear shift boots and wear-resistant seats. Aircraft products are sold mainly as interior materials for private jets (business jets). Other products are sold mainly as interior materials of golf gloves, clothing materials, recreational vehicles (RVs), trucks and boats. The Company mainly sells products in Japan, North America, Europe and other regions.
ULTRAFABRICS HOLDINGS CO.,LTD. 
