Asahi Yukizai Corporation Announces Consolidated Earnings Results for First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2019 and Full Year Ending March 31, 2020
July 30, 2019
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Asahi Yukizai Corporation announced consolidated earnings results for first quarter ended June 30, 2019. For the year, the company reported net sales of JPY 12,034 million compared to JPY 13,253 million a year ago. Operating profit was JPY 630 million compared to JPY 706 million a year ago. Ordinary profit was JPY 638 million compared to JPY 869 million a year ago. Profit was JPY 485 million or JPY 24.92 per share compared to JPY 1,398 million or JPY 71.95 per share a year ago.
The company provided consolidated earnings guidance for the six months ending September 30, 2019 and full year ending March 31, 2020. For the six months ending September 30, 2019, the company expects net sales of JPY 26,000 million, operating profit of JPY 1,100 million, ordinary profit of JPY 1,200 million and profit attributable to owners of parent of JPY 900 million or JPY 47.03 per share.
For the year ending March 31, 2020, the company expects net sales of JPY 58,000 million, operating profit of JPY 3,700 million, ordinary profit of JPY 3,900 million and profit attributable to owners of parent of JPY 2,900 million or JPY 151.56 per share.
ASAHI YUKIZAI CORPORATION is a Japan-based company mainly engaged in the development, manufacture and sale of industrial resin and plumbing equipment products. The Company operates its business through three business segments. The Pipe System segment is involved in the manufacture and sale of piping materials made of synthetic resin such as vinyl chloride, as well as the design and construction of piping works. The Resin segment manufactures and sells casting resins, resin coated sand for castings, resins for general industrial use, resins for foam materials, resins and derivatives for electronic materials, and resin molding materials. The Water Treatment & Resource Development segment is involved in the design, construction, maintenance and management of water treatment facilities, as well as the design and construction of drilling wells.
Asahi Yukizai Corporation Announces Consolidated Earnings Results for First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2019 and Full Year Ending March 31, 2020
ASAHI YUKIZAI CORPORATION 
