Nitto Kogyo Corporation Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2021
May 13, 2021 at 12:50 pm IST
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Nitto Kogyo Corporation reported consolidated and non-consolidated earnings results for the year ended March 31, 2021. For the year, on consolidated basis, the company reported net sales of JPY 137,902 million against JPY 139,421 million a year ago. Operating profit was JPY 12,333 million against JPY 12,402 million a year ago. Profit attributable to owners of parent was JPY 8,827 million or JPY 218.16 per basic share against JPY 8,048 million or JPY 198.93 per basic share a year ago.
For the year, on non-consolidated basis, the company reported net sales of JPY 72,492 million against JPY 79,655 million a year ago. Operating profit was JPY 8,662 million against JPY 9,463 million a year ago. Profit was JPY 7,259 million or JPY 179.41 per basic share against JPY 6,513 million or JPY 160.98 per basic share a year ago.
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.