Nippon Yakin Kogyo Co., Ltd. Announces Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2017
July 28, 2017 at 11:30 am IST
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Nippon Yakin Kogyo Co., Ltd. announced earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 28,623 million against JPY 26,341 million a year ago. Operating income was JPY 1,387 million against JPY 441 million a year ago. Ordinary income was JPY 1,224 million against JPY 140 million a year ago. Profit attributable to owners of parent was JPY 999 million or JPY 6.46 per basic share against JPY 109 million or JPY 0.71 per basic share a year ago.
The company provided earnings guidance for the six months ending September 30, 2017. For the year, the company reported net sales of JPY 55,000 million, ordinary loss of JPY 600 million and loss attributable to owners of parent of JPY 1,800 million or JPY 11.64 per basic share.
Nippon Yakin Kogyo Co., Ltd. is a company engaged in the production and sale of stainless steel plates and related processed products. The Company's main products include sheets and forged products made of stainless steel, heat-resistant steel and nickel-alloy steel, as well as stainless construction materials, stainless steel pipes and other processed products. The Company mainly provides its products in Japan, China and other markets.
Nippon Yakin Kogyo Co., Ltd. Announces Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2017