Nitto Boseki Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2018; Revises Earnings Guidance for the Fiscal Year Ending March 31, 2019; Announces Interim Dividend Payable December 17, 2018; Provides Year End Dividend Guidance for the Year Ending March 31, 2019
November 01, 2018
Share
Nitto Boseki Co., Ltd. announced consolidated earnings results for the six months ended September 30, 2018. For the six months, net sales were ¥41,502 million against ¥43,172 million for the same period a year ago. Operating profit was ¥4,392 million against ¥6,236 million for the same period a year ago. Ordinary profit was ¥4,912 million against ¥6,481 million for the same period a year ago. Profit before income taxes was ¥5,335 million against ¥10,394 million for the same period a year ago. Profit attributable to owners of parent was ¥4,534 million against ¥7,428 million for the same period a year ago. Net cash provided by operating activities was ¥1,345 million against ¥4,873 million for the same a year ago. Basic earnings per share were ¥116.87 against ¥191.10 for the same period a year ago.
The company has revised earnings guidance for the fiscal year ending March 31, 2019. For the period, the company revised net sales forecast to ¥86,000 million from the previous forecast of ¥89,000 million. Operating profit was revised to ¥10,000 million from the previous forecast of ¥10,800 million. Ordinary profit was revised to ¥10,500 million from the previous forecast of ¥11,000 million. Profit attributable to owners of parent was revised to ¥8,300 million from the previous forecast of ¥7,700 million. Basic earnings per share were revised to ¥213.90 from the previous forecast of ¥198.43.
The company announced interim dividend of ¥20.00 per share at the end of the second quarter of fiscal 2019 compared to ¥3.5 per share declared last year. Scheduled date of commencement of dividend is December 17, 2018.
For the year ending March 31, 2019, the company provided year end dividend forecast of ¥20.00 per share compared to ¥22.50 per share declared last year.
NITTO BOSEKI CO., LTD. is principally engaged in the operation of textile business, glass fiber yarn business, glass fiber cloth business, glass fiber for industrial materials business, life science business, and other businesses. Textiles segment manufactures and sells textile products, including core spun yarn, stretched products, interlining products and secondary products. Glass Fiber Yarn segment manufactures and sells glass raw fiber products, including yarn, roving and chopped strands. Glass Fiber Cloth segment manufactures and sells glass fiber functional products. Glass Fiber for Industrial Materials segment manufactures and sales glass wool products and glass fiber products for use in industrial materials. Life Science segment manufactures and sells reagents for in-vitro diagnostic drugs, specialty chemicals products and soft drinks, among others. The Others segment operates real estate related business, as well as other businesses.
Nitto Boseki Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2018; Revises Earnings Guidance for the Fiscal Year Ending March 31, 2019; Announces Interim Dividend Payable December 17, 2018; Provides Year End Dividend Guidance for the Year Ending March 31, 2019