JSP Corp. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2012; Provides Earnings Guidance for the First Half and for the Fiscal Year Ending March 31, 2013; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2013
July 30, 2012
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JSP Corp. reported consolidated earnings results for the first quarter ended June 30, 2012. For the quarter, the company reported net sales of JPY 23,952 million against JPY 22,406 million for the same period last year. Operating income was JPY 1,475 million against JPY 1,359 million for the same period last year. Ordinary income was JPY 1,519 million against JPY 1,316 million for the same period last year. Net income was JPY 1,055 million or JPY 35.42 per share against net income of JPY 727 million or JPY 24.41 per share for the same period last year. Net cash provided by operating activities totaled JPY 1,572 million, an increase of JPY 491 million from a year earlier. Inflows included JPY 1,506 million from income before income taxes, and JPY 1,014 million from depreciation and amortization. The company reported cash outflow of JPY 1,178 million for the purchase of noncurrent assets.
For the fiscal year ending March 31, 2013, the company expects to pay total dividend of JPY 30.00 per share which includes an interim dividend of JPY 15.00 per share and a year end dividend of JPY 15.00 per share.
For the first half of fiscal year ending March 31, 2013, the company expects net sales of JPY 48,000 million, operating income of JPY 2,900 million, ordinary income of JPY 2,900 million and net income of JPY 2,000 million or JPY 67.08 per share.
For the fiscal year ending March 31, 2013, the company expects net sales of JPY 97,000 million, operating income of JPY 6,000 million, ordinary income of JPY 6,100 million and net income of JPY 4,000 million or JPY 134.16 per share.
JSP Corp is a Japan-based company mainly engaged in the manufacture and sale of plastic products with enhanced functionality and economic efficiency, mainly using foaming technology. The Company operates business through two business segments. The Extrusion segment is engaged in the manufacture and sale of polystyrene, polyethylene, polypropylene sheets, boards and others, using extrusion foam technology as its core. The Beads segment is engaged in the manufacture and sale of foamed polypropylene, foamed polyethylene, and foamed polystyrene products based on bead foaming technology. The Company also operates businesses related to the sale of general packaging materials.
JSP Corp. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2012; Provides Earnings Guidance for the First Half and for the Fiscal Year Ending March 31, 2013; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2013
JSP CORPORATION 
