Ultrafabrics Holdings Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 16, 2021 at 11:00 pm EDT
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Ultrafabrics Holdings Co.,Ltd. reported earnings results for the first quarter ended March 31, 2021. For the quarter, the company reported sales of JPY 2,963 million against JPY 2,771 million a year ago. Operating profit JPY 214 million against JPY 170 million a year ago. Profit was JPY 111 million against JPY 96 million a year ago. Basic earnings per share were JPY 12.95 against JPY 11.40 million a year ago.
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. 
