JSP Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Expects to Pay Second Quarter and Year End Dividends for the Fiscal Year Ending March 31, 2016; Provides Consolidated Earnings Guidance for the Six Months and Full Year of Fiscal Year Ending March 31, 2016
July 30, 2015
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JSP Corporation announced consolidated earnings results for the first quarter ended June 30, 2015. For the period, the consolidated company reported net sales of ¥27,804 million, operating income of ¥1,649 million, ordinary income of ¥1,613 million, profit attributable to owners of the parent of ¥1,271 million or net income per share of ¥42.65 compared to net sales of ¥28,377 million, operating income of ¥925 million, ordinary income of ¥1,026 million, net income of ¥757 million or net income per diluted share of ¥25.41 for the same period last year. Net cash provided by operating activities was ¥2,803 million compared with net cash used of ¥373 million in the same period of the previous fiscal year.
The company expected to pay second quarter dividend of ¥15.00 per share for the fiscal year ending March 31, 2016 compared to ¥15.00 per share paid a year ago.
The company also expected a year end dividend of ¥15.00 per share for the fiscal year ending March 31, 2016 compared to ¥15.00 per share paid a year ago.
The consolidated company maintained previously earnings forecast with net sales of ¥58,700 million, operating income of ¥3,400 million, ordinary income of ¥3,400 million, net income attributable to owners of the parent of ¥2,650 million or net income per share of ¥88.89 for the six months of fiscal year ending March 31, 2016.
The consolidated company maintained previously earnings forecast with net sales of ¥119,000 million, operating income of ¥7,000 million, ordinary income of ¥7,100 million, net income attributable to owners of the parent of ¥4,800 million or net income per share of ¥161.01 for the full year of fiscal year ending March 31, 2016.
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 Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Expects to Pay Second Quarter and Year End Dividends for the Fiscal Year Ending March 31, 2016; Provides Consolidated Earnings Guidance for the Six Months and Full Year of Fiscal Year Ending March 31, 2016