Nitto Seiko Co., Ltd. Provides Earnings Guidance for the Six Months Ending June 30, 2021 and Full Year Ending December 31, 2021
February 16, 2021 at 09:30 am IST
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Nitto Seiko Co., Ltd. provided earnings guidance for the six months ending June 30, 2021 and full year ending December 31, 2021. For the six months, the company expects net sales of JPY 18,600 million, operating profit of JPY 1,100 million, profit attributable to the owners of the parent of JPY 800 million or JPY 21.73 earnings per share.
For the year, the company expects net sales of JPY 38,000 million, operating profit of JPY 2,400 million, profit attributable to the owners of the parent of JPY 1,600 million or JPY 43.46 earnings per share.
NITTO SEIKO CO., LTD. is a manufacturer of industrial fasteners and tools, industrial and precision machinery, as well as measuring and control equipment. The Company operates in three business segments. The Fastener segment offers precision screw parts, special cold-headed parts and industrial fasteners. The Industrial Machinery segment offers automatic assembly systems, including free cycle conveyors, automatic screw fastening machines, automatic rivet caulking machines, assembly robots and other industrial machinery. The Control segment offers flow meters, high performance inspection sorting equipment, automatic penetration testing machine for geological survey, micro bubble washing equipment.