Ultrafabrics Holdings Co.,Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023
January 26, 2024 at 01:00 am EST
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Ultrafabrics Holdings Co.,Ltd. revised consolidated earnings guidance for the fiscal year ending December 31, 2023. For the year, the company expects sales revenue of JPY 21,000 million compared to previous guidance of JPY 21,100 million, operating profit of JPY 3,700 million compared to previous guidance of JPY 3,000 million, Net income of JPY 2,600 million compared to previous guidance of JPY 2,100 million, Profit attributable to owners of parent of JPY 2,600 million compared to previous guidance of JPY 2,100 million and basic earnings per share of JPY 153.00 compared to previous JPY 115.00.
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. 
