Nippon Sheet Glass Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Half Year and Full Year of Fiscal Year Ending March 31, 2020
May 10, 2019 at 11:30 am IST
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Nippon Sheet Glass Co. Ltd. reported consolidated earnings results for the year ended March 31, 2019. For the year, on a consolidated basis, the company reported revenue of ¥612,789 million compared to ¥598,897 million a year ago. Operating profit was ¥36,855 million compared to ¥35,632 million a year ago. Profit before taxation was ¥22,730 million compared to ¥22,146 million a year ago. Profit for the period was ¥14,378 million compared to ¥7,907 million a year ago. Profit attributable to owners of the parent was ¥13,287 million compared to ¥6,164 million a year ago. Earnings per share were ¥115.16 compared to ¥48.27 a year ago.
The company provided earnings guidance for the half year and full year of fiscal year ending March 31, 2020. For the half year, the company expects revenue to be ¥310,000 million and operating profit expected to be ¥18,000 million
For the full year ending March 31, 2020, the company expects revenue to be ¥620,000 million, operating profit expected to be ¥35,000 million, profit before taxation expected to be ¥19,000 million, profit for the period expected to be ¥12,000 million, profit attributable to owners of the parent expected to be ¥11,000 million and basic earnings per share expected to be ¥94.40.
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. Reports Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Half Year and Full Year of Fiscal Year Ending March 31, 2020