Chugoku Marine Paints, Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
January 31, 2018
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Chugoku Marine Paints, Ltd. reported consolidated earnings results for the nine months ended December 31, 2017. For the period, the company reported net sales of JPY 61,342 million as compared to JPY 62,077 million for the same period last year. Operating profit was JPY 3,429 million as compared to JPY 4,283 million for the same period last year. Ordinary profit was JPY 3,707 million as compared to JPY 4,504 million for the same period last year. Profit attributable to owners of the parent was JPY 2,280 million as compared to JPY 2,568 million for the same period last year. Basic earnings per share was JPY 34.81 as compared to JPY 39.10 for the same period last year.
For the year ending March 31, 2018, the company expects net sales of JPY 80,000 million, operating profit of JPY 4,100 million, ordinary profit of JPY 4,300 million, profit attributable to owners of the parent of JPY 2,500 million and basic earnings per share of JPY 38.17.
CHUGOKU MARINE PAINTS, LTD. is a Japan-based company engaged in the manufacture and sale of paint, as well as the provision of contract painting services. The Company has five geographical segments, including Japan segment, China segment, Korea segment, Southeast Asia segment and Europe and America segment. Japan segment is engaged in the manufacture and sale of paint, as well as the management of real estate business. The other four reporting segments are engaged in the manufacture and sale of paint.
Chugoku Marine Paints, Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018