Sanyo Chemical Industries Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2014; Provides Dividend Guidance for the Second Quarter and Fiscal Year 2015; Provides Earnings Guidance for the Six Months Ending September 30, 2014 and Fiscal Year Ending March 31, 2015
September 02, 2014
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Sanyo Chemical Industries Ltd. reported consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported net sales of ¥40,793 million compared to ¥38,997 million, operating income of ¥1,950 million compared to ¥2,469 million, ordinary income of ¥2,251 million compared to ¥3,094 million, net income of ¥1,359 million or ¥12.33 per share compared to ¥2,009 million or ¥18.22 per share, income before income taxes and minority interests of ¥2,098 million compared to ¥2,994 million for the last year. Net cash provided by operating activities was ¥1,986 million compared to ¥4,467 million and purchase of fixed assets was ¥1,445 million compared to ¥2,454 million for the last year.
The company provided dividend guidance for the second quarter and fiscal year 2015. For the quarter, the company expects pay dividend of ¥7.5 per share.
For the year ending March 31, 2015, the company expects pay dividend of ¥7.5 per share.
The company provided earnings guidance for the six months ending September 30, 2014 and fiscal year ending March 31, 2015. For the six months, the company expects net sales of ¥83,000 million, operating income of ¥3,700 million, ordinary income of ¥4,100 million and net income of ¥2,500 million or ¥22.67 per share.
For the year ending March 31, 2015, the company expects net sales of ¥172,000 million, operating income of ¥8,800 million, ordinary income of ¥10,000 million and net income of ¥6,000 million or ¥54.41 per share.
SANYO CHEMICAL INDUSTRIES, LTD. is mainly engaged in the manufacture and sale of chemicals and related products. The Chemical Products segment manufactures and sells the surfactants for living and health industry, the polyurethane foam materials for petroleum oil and transportation equipment industry, the permanent antistat, pigment dispersant and resin modifier for plastic and textile industry, the toner binders for copiers in information and electronics industry, as well as the polymer flocculants for wastewater treatment in environment and housing industry. The Others segment is involved in the provision of delivery and warehousing services, insurance and travel agency services, as well as the residential real estate trading.
Sanyo Chemical Industries Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2014; Provides Dividend Guidance for the Second Quarter and Fiscal Year 2015; Provides Earnings Guidance for the Six Months Ending September 30, 2014 and Fiscal Year Ending March 31, 2015