Nichias Corp. Reports Unaudited Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the First Half and Fiscal Year of 2017
June 15, 2016 at 08:30 pm IST
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Nichias Corp. reported unaudited consolidated earnings results for the year ended March 31, 2016. For the year, on consolidated basis, the company reported total net sales of JPY 158,939 million, operating income of JPY 15,104 million, ordinary income of JPY 15,480 million and net income of JPY 6,744 million or JPY 48.55 diluted per share as compared to net sales of JPY 11,490 million, operating income of JPY 11,490 million, ordinary income of JPY 12,913 million and net income of JPY 7,585 million or JPY 54.77 diluted per share for the same period a year ago. Income before income taxes was JPY 12,274 million compared to JPY 12,260 million a year ago. Net income attributable to owners of parent company was JPY 6,669 million compared to JPY 7,532 million a year ago. Rate of return on equity was 8.2% compared to 10.4% a year ago. Net assets per share were JPY 639.55 compared to JPY 647.36 a year ago. Net cash provided by operating activities was JPY 13,424 million compared to JPY 8,571 million a year ago. Purchase of property, plant and equipment was JPY 4,070 million compared to JPY 3,355 million a year ago. Purchase of intangible assets was JPY 198 million against JPY 185 million a year ago.
The company provided earnings guidance for the first half ending September 30, 2016 and year ending March 31, 2016. For the first half, the company expects net sales of JPY 84,400 million, operating income of JPY 7,100 million, ordinary income of JPY 7,200 million and net income attributable to owners of the parent company of JPY 4,600 million or JPY 34.66 per share.
For the year, the company expects net sales of JPY 175,000 million, operating income of JPY 15,500 million, ordinary income of JPY 15,800 million and net income attributable to owners of the parent company of JPY 10,200 million or JPY 76.85 per share.
Nichias Corp is a Japan-based company principally engaged in the manufacture and sale of heat insulating and sealing materials for plants and housing, fluororesin products, filter products and others. The Company operates in five segments. The Construction and Sales for Plants segment is engaged in the construction and maintenance of hot insulation works, fire-retardant works, soundproofing works and disaster prevention works. The Industrial Products segment is engaged in the provision of gasket packing, fluorine resin products, heat insulating materials and filters. The Advanced Product segment offers pipes and machinery for handling heat, liquid chemicals and gas. The Automobile Parts segment offers cylinder head gaskets and other parts. The Construction Material segment offers noncombustible matters and adiabatic materials.
Nichias Corp. Reports Unaudited Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the First Half and Fiscal Year of 2017