Nippon Carbon Co., Ltd. Reports Consolidated Earnings Results for the Year Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2018 and Full Year Ending December 31, 2018; Provides Dividend Guidance for the Second Quarter and Full Year of 2018
February 09, 2018
Share
Nippon Carbon Co., Ltd. reported consolidated earnings results for the year ended December 31, 2017. For the year, the company reported net sales of JPY 27,964 million against JPY 22,903 million a year ago. Operating profit was JPY 2,569 million against operating loss of JPY 663 million a year ago. Ordinary profit was JPY 2,997 million against ordinary loss of JPY 570 million a year ago. Profit before income taxes was JPY 2,997 million against loss before income taxes of JPY 4,658 million a year ago. Profit was JPY 3,342 million against loss of JPY 5,116 million a year ago. Profit attributable to owners of parent was JPY 2,961 million or JPY 267.71 per share against loss attributable to owners of parent of JPY 5,413 million or JPY 488.10 per share a year ago. Net assets per share were JPY 2,553.20 as December 31, 2017. Cash flows from operating activities were JPY 3,876 million against JPY 2,370 million a year ago. Purchase of property, plant and equipment was JPY 1,432 million against JPY 5,038 million a year ago. Purchase of intangible assets was JPY 90 million against JPY 76 million a year ago.
The company provides consolidated earnings guidance for the six months ending June 30, 2018 and full year ending December 31, 2018. For the six months ending June 30, 2018, the company expects net sales of JPY 17,100 million, operating income of JPY 3,000 million, ordinary profit of JPY 3,000 million and profit attributable to owners of parent of JPY 1,800 million or JPY 162.99 per share.
For the full year ending December 31, 2018, the company expected net sales of JPY 37,500 million, operating income of JPY 7,000 million, ordinary profit of JPY 7,000 million and profit attributable to owners of parent of JPY 4,600 million or JPY 416.53 per share.
The company provided dividend guidance for the second quarter and full year of 2018. The company expects second quarter end dividend of JPY 50 per share compared to nil per share a year ago. The company expects year-end dividend of JPY 50 per share compared to JPY 50 per share a year ago.
Nippon Carbon Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of carbon products. The Company operates in three business segments. The Carbon Product-related segment is engaged in the manufacture, processing and sale of carbon products, including artificial graphite electrodes, impervious graphite, isotropic high purity graphite, graphite products for equipment, general carbon fiber and graphitic fiber, lithium-ion battery negative-electrode materials and others. The Silicon Carbide Product-related segment manufactures and processes materials, and sells products. Others segment is engaged in the leasing of real estate properties, as well as manufacture and repair of industrial machinery.
Nippon Carbon Co., Ltd. Reports Consolidated Earnings Results for the Year Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2018 and Full Year Ending December 31, 2018; Provides Dividend Guidance for the Second Quarter and Full Year of 2018
NIPPON CARBON CO., LTD. 
