Nihon Seiko Co., Ltd. Reports Consolidated Financial Results for the First Quarter Ended June 30, 2019; Provides Financial Guidance for the First Half to Sep. 2019 and for the Full Year to Mar. 31, 2020; Provides Dividend Guidance for the Second Quarter to Sep. 2019 and for the Full Year to Mar. 31, 2020
August 01, 2019
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Nihon Seiko Co., Ltd. reported consolidated financial results for the first quarter ended June 30, 2019. For the quarter, the company reported operating income of ¥197 million and profit attributable to owners of parent of ¥124 million or ¥50.99 per share on net sales of ¥2,945 million against operating income of ¥393 million and profit attributable to owners of parent of ¥276 million or ¥113.21 per share on net sales of ¥3,663 million for the same period of last year.
For the first half to Sep. 2019, the company expects, operating income of ¥390 million and profit attributable to owners of parent of ¥240 million or ¥98.32 per share on net sales of ¥5,800 million.
For the full year to Mar. 31, 2020, the company expects, operating income of ¥1,000 million and profit attributable to owners of parent of ¥630 million or ¥258.09 per share on net sales of ¥12,000 million.
For the full year to Mar. 31, 2020, the company expects to pay a dividend of ¥37.50 at the end of the second quarter and ¥37.50 at the end of the year.
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. Reports Consolidated Financial Results for the First Quarter Ended June 30, 2019; Provides Financial Guidance for the First Half to Sep. 2019 and for the Full Year to Mar. 31, 2020; Provides Dividend Guidance for the Second Quarter to Sep. 2019 and for the Full Year to Mar. 31, 2020