Nippon Valqua Industries, Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Fiscal Year 2018
May 11, 2017
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Nippon Valqua Industries, Ltd. reported consolidated earnings results for the year ended March 31, 2017. For the year, the company reported net sales of ¥43,640 million against ¥41,120 million a year ago. Operating profit was ¥4,065 million against ¥3,123 million a year ago. Ordinary profit was ¥3,929 million against ¥3,058 million a year ago. Profit before income taxes was ¥3,767 million against ¥2,690 million a year ago. Profit attributable to owners of parent was ¥2,348 million against ¥1,752 million a year ago. Net cash provided by operating activities was ¥3,674 million against ¥3,701 million a year ago. Purchase of property, plant and equipment was ¥1,102 million against ¥1,694 million a year ago. Purchase of intangible assets was ¥186 million against ¥72 million a year ago. Earnings per share were ¥132.93 against ¥19.84 a year ago. Book-value per share was ¥1,657.08 against ¥307.38 a year ago.
The company provided consolidated earnings guidance for the fiscal year 2018. For the year, the company expects net sales of ¥45,000 million, operating income of ¥4,500 million, ordinary income of ¥4,400 million, net income of ¥2,700 million or ¥152.83 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 Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Fiscal Year 2018