NIC Autotec, Inc. Reports Consolidated Earnings Results for the Third Quarter Ended December 31, 2018
February 08, 2019 at 12:00 pm IST
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NIC Autotec, Inc. reported consolidated earnings results for the third quarter ended December 31, 2018. For the period, the company reported net sales of JPY 6,442 million compared to JPY 6,891 million a year ago. Operating income was JPY 568 million compared to JPY 820 million a year ago. Profit attributable to owners of parent was JPY 380 million or JPY 69.89 per basic share compared to JPY 538 million or JPY 98.85 per basic share a year ago.
NIC Autotec, Inc. is a Japan-based company mainly engaged in the manufacture and sale of industrial machinery and parts. The Company operates in three business segments. The Alfa Frame segment is engaged in the development, design, manufacture and sale of aluminum construction frames and auxiliary parts for frames under the brand ALFA FRAME SYSTEM. The Device segment develops, designs, manufactures and sells devices constructed from Alfa Frames, such as cleaning machines, conveyors and packaging equipment, inspection equipment and clean booth products, as well as aluminum structures, including equipment structures and safe covers, among others. The Trading segment is engaged in the provision of industrial grindstones, machinery and equipment such as cutting processing machines, tools such as end mills, bolts and drills, as well as lubricants.
NIC AUTOTEC, INC. 
