Nippon Valqua Industries, Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Revises Consolidated Earnings Guidance for the Year Ending March 31, 2018
January 30, 2018
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Nippon Valqua Industries, Ltd. reported consolidated earnings results for the nine months ended December 31, 2017. For the period, the company reported net sales of ¥35,161 million against ¥32,034 million a year ago. Operating income was ¥4,049 million against ¥2,912 million a year ago. Ordinary income was ¥4,121 million against ¥2,806 million a year ago. Total extraordinary income was ¥29 million against ¥110 million a year ago. Profit before income taxes was ¥4,016 million against ¥2,592 million a year ago. Profit attributable to owners of parent was ¥2,758 million against ¥1,599 million a year ago. Earnings per share was ¥156.17 compared to ¥90.53 a year ago.
The company revised consolidated earnings guidance for the year ending March 31, 2018. For the period, the company expected consolidated net sales of ¥46,500 million compared to previous guidance of ¥46,000 million. Operating profit expects to be ¥5,200 million compared to previous guidance of ¥5,000 million. Ordinary profit expects to be ¥5,200 million compared to previous guidance of ¥5,000 million. Net income expects to be ¥3,400 million or ¥192.48 per share compared to previous guidance of ¥3,000 million or ¥169.83 per share.
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 Nine Months Ended December 31, 2017; Revises Consolidated Earnings Guidance for the Year Ending March 31, 2018