Nikko Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2020
August 06, 2020
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Nikko Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2020. For the period, the company reported net sales of JPY 7,271 million against JPY 8,001 million a year ago. Operating income was JPY 408 million against JPY 276 million a year ago. Quarterly net income was JPY 746 million against JPY 270 million a year ago. Quarterly net income per share was JPY 19.29 against JPY 7.05 a year ago.
NIKKO CO., LTD. is a Japan-based company principally engaged in the manufacture and sale of asphalt plants, concrete plants, as well as environment and transport machinery. The Company operates in three business segments. Asphalt Plant-Related Business segment produces asphalt plants, recycling plants, as well as compound silos, among others. Concrete Plant-Related Business segment produces concrete plants, concrete pumps, as well as factory equipment for concrete product production, among others. Environment and Transportation Related Businesses segment produces environment and recycling plants, conveyor systems. The Company is also involved in the manufacture of pipe frame scaffolds, steel road boards, pipe supports, small concrete mixers, mortar mixers, sluice gates, crushers, among others, as well as the sale of real estate leasing and home renovation.