DIC Corporation Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending December 31, 2023
February 14, 2023 at 08:30 am IST
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DIC Corporation provided consolidated earnings guidance for the first half and full year of fiscal year ending December 31, 2023. For the first half, the company expects net sales of JPY 570,000 million, operating income of JPY 19,000 million, net income attributable to owners of the parent of JPY 7,000 million and earnings per share (basic) of JPY 73.95.
For the full year, the company expects net sales of JPY 1,150,000 million, operating income of JPY 43,000 million, net income attributable to owners of the parent of JPY 20,000 million and earnings per share (basic) of JPY 211.30.
DIC Corporation specializes in the manufacturing and marketing of printing inks and chemicals. Net sales break down by product family as follows:
- printing inks (47.2%): offset inks, decorative inks, soft cut inks, etc.;
- polymers (25%): aqueous resins, acrylic resins, saturated polyester resins, UV curable resins, polyurethane resins, epoxy resins, unsaturated polyester resins and polystyrenes;
- fine chemicals products (12.4%): liquid crystals, functional pigments and multi-purpose liquid pigments;
- chemical and thermoplastic components (8.1%): polyphenylene sulfide, liquid inks and dyes for plastics;
- industrial adhesive tapes and hollow fibre membranes (7.3%).
At the end of 2019, the group had 9 production sites in Japan.
Net sales are distributed geographically as follows: Japan (39.5%), Asia and Oceania (20.5%), Europe and Africa (23.1%) and the Americas (16.9%).