Sekisui Chemical Co., Ltd. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2014; Expects to Pay Year End Dividend for the Fiscal Year Ending March 31, 2014
January 31, 2014 at 12:09 am IST
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Sekisui Chemical Co., Ltd. announced consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the nine months, the consolidated company reported net sales of ¥802,737 million, operating income of ¥54,651 million, ordinary income of ¥58,269 million, net income of ¥33,611 million or net income per diluted share of ¥65.02 compared to net sales of ¥754,750 million, operating income of ¥34,902 million, ordinary income of ¥35,852 million, net income of ¥19,780 million or net income per diluted share of ¥38.36 for the same period last year. Net cash provided by operating activities amounted to ¥60,176 million against ¥32,033 million a year ago. Income before income taxes and minority interests was ¥56,741 million against ¥32,020 million a year ago. Purchases of property, plant and equipment was ¥21,742 million against ¥21,901 million a year ago. Purchases of intangible assets were ¥2,158 million against ¥1,766 million a year ago.
For the quarter, the consolidated company reported net sales of ¥269,680 million, operating income of ¥17,132 million, ordinary income of ¥19,279 million, net income of ¥10,784 million or net income per diluted share of ¥65.02 compared to net sales of ¥238,749 million, operating income of ¥9,881 million, ordinary income of ¥13,312 million, net income of ¥6,970 million or net income per diluted share of ¥38.36 for the same period last year. Income before income taxes and minority interests was ¥18,880 million against ¥12,359 million a year ago.
The company expected to pay year end dividend of ¥11.00 per share for the fiscal year ending March 31, 2014 compared to ¥9.00 per share for the same period last year.
The consolidated company expects net sales of ¥1,100,000 million, operating income of ¥81,000 million, ordinary profit of ¥79,000 million, net income of ¥42,000 million or net income per share of ¥82.53 for the fiscal year ending March 31, 2014.
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 Third Quarter and Nine Months Ended December 31, 2013; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2014; Expects to Pay Year End Dividend for the Fiscal Year Ending March 31, 2014