Sekisui Chemical Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017
January 30, 2017 at 07:00 pm IST
Share
Sekisui Chemical Co., Ltd. announced consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of JPY 766,224 million as compared to JPY 799,670 million for the same period last year. Operating income was JPY 61,514 million as compared to JPY 55,399 million for the same period last year. Ordinary income was JPY 63,723 million as compared to JPY 54,354 million for the same period last year. Net income attributable to owners of parents was JPY 39,915 million as compared to JPY 40,452 million for the same period last year. Net income attributable to owner of parent diluted per share was JPY 82.40 as compared to JPY 81.79 a year ago. Net cash provided by operating activities amounted to JPY 59,017 million against JPY 42,763 million a year ago. Purchases of property, plant and equipment was JPY 26,915 million against JPY 31,013 million a year ago. Income before income taxes was JPY 59,564 million against JPY 52,446 million a year ago. Purchases of intangible assets were JPY 2.9 billion against JPY 3.3 billion a year ago.
The company revised consolidated earnings guidance for the fiscal year ending March 31, 2017. For the period, the company expects net sales of JPY 1,067,000 million, operating income of JPY 96,000 million, ordinary income of JPY 92,000 million, net income attributable to owners of parents of JPY 59,000 million and net income per share of JPY 123.38 against previous guidance of net sales of JPY 1,066,000 million, operating income of JPY 94,000 million, ordinary income of JPY 88,000 million, net income attributable to owners of parents of JPY 59,000 million and net income per share of JPY 122.49 per share.
Sekisui Chemical Co., Ltd. is a company that operates in four business segments .The Housing segment is engaged in the manufacture, construction, sale and renovation of unit housing, the sale of land for subdivision, the provision of reform services, as well as the construction and sale of interior items, exterior items and real estate. The Environment and Life Line segment offers vinyl chloride pipe and fittings, polyethylene pipe and fittings, system pipe, aqueduct/water conduit rehabilitation materials, reinforced plastic composite pipes, and building materials, among others. The High-performance Plastics segment offers intermediate films for laminated glass, foamed polyolefin, tapes, particulate for liquid crystal and sensitive materials and test drug, among others. The Others segment is engaged in the manufacture and sale of film type lithium ion battery, as well as the provision of other products and services.
Sekisui Chemical Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017