Nippon Valqua Industries, Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018; Provides Interim and Year-End Dividend Guidance for the Year Ending March 31, 2018
October 24, 2017
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Nippon Valqua Industries, Ltd. reported consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported net sales of JPY 23,278 million against JPY 21,127 million a year ago. Operating profit was JPY 2,739 million against JPY 1,901 million a year ago. Ordinary profit was JPY 2,789 million against JPY 1,685 million a year ago. Profit before income taxes was JPY 2,726 million against JPY 1,410 million a year ago. Profit was JPY 1,959 million against JPY 928 million a year ago. Profit attributable to owners of the company was JPY 1,899 million or JPY 107.50 per share against JPY 857 million or JPY 48.56 per share a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2018. For the year ending March 31, 2018, the company expects net sales of JPY 46,000 million, operating profit of JPY 5,000 million, ordinary profit of JPY 5,000 million, net profit of JPY 3,000 million or JPY 169.83 per share.
The company provided interim and year-end dividend guidance for the year ending March 31, 2018. The company expects to pay interim dividend of JPY 40.00 per share compared to JPY 30.00 per share paid for the same period a year ago.
The company expects to pay year-end dividend of JPY 40.00 per share compared to JPY 45.00 per share paid for the same period a year ago.
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 Six Months Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018; Provides Interim and Year-End Dividend Guidance for the Year Ending March 31, 2018