Harima Chemicals Group, Inc. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
January 30, 2017 at 08:30 pm IST
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Harima Chemicals Group, Inc. reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of ¥53,704 million, operating income of ¥3,032 million, ordinary income of ¥2,769 million and net income attributable to shareholders of ¥1,891 million or 72.91 per share compared to net sales of ¥61,648 million, operating income of ¥2,108 million, ordinary income of ¥3,032 million and net income attributable to shareholders of ¥1,585 million or ¥61.09 per share reported in the same period last year.
For the year ending March 31, 2017, the company expected to report net sales of ¥72,000 million, operating income of ¥3,600 million, ordinary income of ¥3,300 million and net income attributable to shareholders of ¥2,000 million or ¥77.08 per share.
Harima Chemicals Group Inc is a Japan-based company mainly engaged in the resin chemical product business, the paper chemical business, the electronic material business and the rotor business. The Company operates in four business segments. The Resin Chemical Product segment is engaged in the manufacture and sale of printing ink resin, paint resin, emulsifier for synthetic rubber, resin for adhesive and tall oil product. The Paper Chemical segment is engaged in the manufacture and sale of paper strength enhancer and sizing agent. The Electronic Material segment is engaged in the manufacture and sale of soldering material and brazing material for heat exchanger. The Rotor segment is engaged in the manufacture and sale of resin for adhesive and printing ink. The Company is also involved in the management of real estate.
Harima Chemicals Group, Inc. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
HARIMA CHEMICALS GROUP, INC. 
