Nitto Boseki Co. Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the First Half of Fiscal 2020 and for the Full Year Ending March 31, 2020; Provides Dividend Guidance for the Second Quarter and Fiscal Year of 2020
August 01, 2019
Share
Nitto Boseki Co. Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the period, on consolidated basis, the company reported net sales of ¥20,621 million against ¥20,450 million a year ago. Operating income was ¥1,698 million against ¥2,126 million a year ago. Ordinary income was ¥1,877 million against ¥2,468 million a year ago. Profit attributable to owners of the parent was ¥981 million or ¥25.30 per basic share against ¥1,568 or ¥40.43 per basic share million a year ago.
The company provided consolidated earnings guidance for the first half of fiscal 2020 and for the full year ending March 31, 2020. For the first half, the company expects net sales of ¥42,000 million, operating income of ¥3,000 million, ordinary income of ¥3,100 million, and profit attributable to owners of the parent of ¥2,200 million or ¥56.70 per basic share.
For the full year ending March 31, 2020, the company expects net sales of ¥90,000 million, operating income of ¥8,500 million, ordinary income of ¥8,800 million, and profit attributable to owners of the parent of ¥6,200 million or ¥159.79 per basic share.
For the second quarter of fiscal 2020, the company expected to pay dividend of JPY 20.00 per share compared to JPY 20.00 per share paid a year ago.
For the fiscal year ending March 31, 2020, the company expected to pay dividend of JPY 20.00 per share compared to JPY 20.00 per share paid a year ago.
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. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the First Half of Fiscal 2020 and for the Full Year Ending March 31, 2020; Provides Dividend Guidance for the Second Quarter and Fiscal Year of 2020