Nitto Boseki Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2020
February 07, 2020
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Nitto Boseki Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2019. For the first nine months, the company reported net sales of JPY 64,061 million against JPY 63,181 million a year ago. Operating profit was JPY 5,240 million against JPY 6,865 million a year ago. Profit was JPY 3,950 million against JPY 5,594 million a year ago. EPS, basic was JPY 98.66 against JPY 143.49 a year ago.
The company revised consolidated earnings guidance for the full year ending March 31, 2020. For the full year, the company now expects to report net sales of JPY 86,000 million, operating income of JPY 7,900 million and profit attributable to owners of the parent of JPY 7,900 million or JPY 139.17 per basic share compared to net sales of JPY 89,000 million, operating income of JPY 8,200 million and profit attributable to owners of the parent of JPY 5,800 million or JPY 149.48 per basic share.
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 Nine Months Ended December 31, 2019; Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2020