Nippon Sheet Glass Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2014; Provides Earnings Guidance for the Year Ending March 31, 2015
February 02, 2015 at 05:16 pm IST
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Nippon Sheet Glass Co., Ltd. announced consolidated earnings results for the nine months ended December 31, 2014. For the period, the company's revenue was ¥466,605 million compared to ¥451,226 million a year ago. Operating profit was ¥21,141 million compared to operating loss of ¥1,059 million a year ago. Profit before taxation was ¥6,483 million compared to loss before taxation of ¥13,484 million a year ago. Profit attributable to owners of the parent was ¥4,000 million or ¥4.41 per diluted share compared to loss attributable to owners of the parent of ¥14,791 million or ¥16.39 per diluted share a year ago. Net cash outflows from operating activities were ¥2,433 million compared to ¥5,505 million a year ago. Purchases of property, plant and equipment was ¥21,767 million compared to ¥16,073 million a year ago. Purchases of intangible assets were ¥908 million compared to ¥1,066 million a year ago.
The company provided earnings guidance for the year ending March 31, 2015. For the period, the company expected revenue of ¥620,000 million, operating profit of ¥21,000, profit before taxation of ¥5,000 and profit attributable to owners of the parent of ¥1,000 or ¥1.11 per basic share.
Nippon Sheet Glass Company, Limited is mainly engaged in the manufacture and sale of glass products. The Company operates in four business segments. The Construction Glass segment provides sheet glass for construction material market and processed glass for interior and exterior uses. The Automobile Glass segment offers glass products for new automobile assembly and repair uses. The Functional Glass segment offers thin sheet glass for small displays, printer lens and optical components, as well as glass fiber products, such as battery separators and engine timing belt materials. The Other segment is involved in corporate management and other small businesses.
Nippon Sheet Glass Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2014; Provides Earnings Guidance for the Year Ending March 31, 2015