Nitto Kogyo Corporation Announces Consolidated Earnings Results for the First Half Ended September 2017; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2018
October 30, 2017 at 10:50 am IST
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Nitto Kogyo Corporation announced consolidated earnings results for the first half ended September 2017. For the first half, the company reported net sales of JPY 49,433 million compared to JPY 48,835 million in the same period last year. Operating income was JPY 1,907 million compared to JPY 2,229 million in the same period last year. Ordinary income was JPY 1,842 million compared to JPY 2,113 million in the same period last year. Profit attributable to owners of parent was JPY 974 million compared to JPY 1,818 million in the same period last year. Earnings per basic share were JPY 24.09 compared to JPY 44.95 in the same period last year.
For the fiscal year ending March 31, 2018, on consolidated basis, the company expects net sales of JPY 107,000 million, operating income of JPY 6,400 million, ordinary income of JPY 6,200 million, profit attributable to owners of parent of JPY 3,800 million and basic earnings per share of JPY 93.92.
NITTO KOGYO CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of switchboard-related products, as well as the purchase and sale of information and communication equipment. The Company operates in three business segments. The Switchboard-related segment manufactures and sells switchboards, cabinets, breakers, switches and parts, among others. The Information and Communication related Distribution segment purchases and sells information communication equipment and other materials. The Works and Services segment is engaged in the construction of electrical equipment and network systems, and the provision of maintenance service.
Nitto Kogyo Corporation Announces Consolidated Earnings Results for the First Half Ended September 2017; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2018