Nihon Seiko Co., Ltd. Announces Consolidated Financial Results for the Third Quarter Ended December 31, 2019; and Provides Financial Guidance for the Year Ending March 31, 2020
February 05, 2020
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Nihon Seiko Co., Ltd. announced consolidated financial results for the third quarter ended December 31, 2019. For the period, the company reported net sales of JPY 8,148 million against JPY 10,975 million a year ago. Operating income was JPY 220 million against JPY 1,034 million a year ago. Profit attributable to owners of parent was JPY 134 million against JPY 700 million a year ago. EPS were JPY 55.05 against JPY 288.80 a year ago.
The company also provided financial guidance for the year ending March 31, 2020. For the period, the company expected net sales of JPY 10,300 million, operating profit of JPY 390 million and Profit attributable to owners of the parent of JPY 240 million and EPS of JPY 98.33.
NIHON SEIKO CO., LTD. is a company mainly engaged in the manufacture and sale of antimony products and metallic powder products. The Company operates in two business segments. The Antimony segment involves in the manufacture and sale of flame retardant additives for synthetic resin products; antimony trioxide used as polymerization catalysts of polyester; antimony trisulfide used as antifriction materials of brakes, as well as sodium antimonate, among others. The Metallic Powder segment involves in the manufacture and sale of non-ferrous metal fine powder for electronic components, such as copper powder and precious metal powder for conductive paste and iron alloy powder as soft magnetic material for power inductors, as well as powder metallurgy (coarse powder) for the bearings of precision motors, such as bronze powder, brass powder, tin powder for precision motor bearings, among others. The others business includes the leasing of real estate.
Nihon Seiko Co., Ltd. Announces Consolidated Financial Results for the Third Quarter Ended December 31, 2019; and Provides Financial Guidance for the Year Ending March 31, 2020