Nippon Valqua Industries Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Six Months and Full Year Ending March 31, 2018
July 25, 2017
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Nippon Valqua Industries Ltd. reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, net sales were ¥11,774 million compared to ¥10,379 million for the last year. Operating income was ¥1,506 million compared to ¥865 million for the last year. Ordinary income was ¥1,539 million compared to ¥722 million for the last year. Income before income taxes was ¥1,529 million compared to ¥691 million for the last year. Profit attributable to owners of parent was ¥1,061 million compared to ¥509 million for the last year.
For the six months of the 2018, the company expects net sales of ¥23,200 million compared to ¥22,000 million as previously forecasted, operating income of ¥2,700 million compared to ¥2,100 million as previously forecasted, ordinary income of ¥2,700 million compared to ¥2,000 million as previously forecasted, net profit of ¥1,700 million compared to ¥1,200 million as previously forecasted, and earnings per share of ¥96.24 compared to ¥67.93 as previously forecasted.
For the year ending March 31, 2018, the company expects net sales of ¥46,000 million compared to ¥45,000 million as previously forecasted, operating income of ¥5,000 million compared to ¥4,500 million as previously forecasted, ordinary income of ¥5,000 million compared to ¥4,400 million as previously forecasted, net profit of ¥3,000 million compared to ¥2,700 million as previously forecasted, and earnings per share of ¥169.83 compared to ¥152.83 as previously forecasted.
VALQUA, LTD., formerly NIPPON VALQUA INDUSTRIES, LTD. is a Japan-based company primarily engaged in the manufacture and sale of seal products. The Company operates in three business segments. The Seal Products segment manufactures and sells plant and machinery related products, elastomer products, automobile parts and other seal products. The Functional Resin Product segment manufactures and sells resin products. The Other Product segment provides membrane products and environment-related product.
Nippon Valqua Industries Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Six Months and Full Year Ending March 31, 2018