Nagase & Co., Ltd. Revises Consolidated Earnings Guidance for Fiscal Year Ending March 31, 2024
November 29, 2023 at 12:00 pm IST
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Nagase & Co., Ltd. revised consolidated earnings guidance for fiscal year ending March 31, 2024. For the year, the company now expects net sales of JPY 900,000 million, operating income of JPY 30,000 million, profit attributable to owners of parent of JPY 22,500 million and earnings per share of JPY 195.86 as compared to net sales of JPY 958,000 million, operating income of JPY 34,500 million, profit attributable to owners of parent of JPY 24,000 million and earnings per share of JPY 209.35.
Nagase & Co Ltd is a Japan-based company mainly engaged in the import, export, manufacture and sale of a wide range of products. The Company operates through five business segments. Functional Materials segment offers raw materials for paints, inks, adhesives, and other products. Processed Materials segment offers dyes, pigments, functional pigments, resins, automotive repair and conductive paints and others. Electronics and Energy segment offers modified epoxy resins, fluorine products, and materials and equipment for semiconductor, display, as well as energy management system proposals, battery evaluation and healthcare services. Mobility segment offers general synthetic resins, and other materials and parts for automobile. Life-related segment offers raw materials for pharmaceuticals and agrochemicals, food additive, cosmetic additives, and radiation measurement service. The Company also offers logistics services, information processing and other professional services.