JSP Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the First Half of Fiscal 2017 and Fiscal Year Ending March 31, 2017
July 27, 2016
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JSP Corporation reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of ¥26,835 million against ¥27,804 million a year ago. Operating income was ¥2,272 million against ¥1,649 million a year ago. Ordinary income was ¥2,203 million against ¥1,613 million a year ago. Profit attributable to owners of the parent was ¥1,700 million or ¥57.05 per share against ¥1,271 million or ¥42.65 per share a year ago. Net cash provided by operating activities was ¥664 million, a decrease of ¥2,138 million from the same period of the previous fiscal year.
For the first half of fiscal 2017, the company expects net sales of ¥56,000 million, operating income of ¥4,300 million, ordinary income of ¥4,350 million, profit attributable to owners of the parent of ¥3,250 million or ¥107.34 per share.
For the fiscal year ending March 31, 2017, the company expects net sales of ¥113,000 million, operating income of ¥9,000 million, ordinary income of ¥9,100 million, profit attributable to owners of the parent of ¥6,200 million or ¥207.97 per share.
JSP Corp is a Japan-based company mainly engaged in the manufacture and sale of plastic products with enhanced functionality and economic efficiency, mainly using foaming technology. The Company operates business through two business segments. The Extrusion segment is engaged in the manufacture and sale of polystyrene, polyethylene, polypropylene sheets, boards and others, using extrusion foam technology as its core. The Beads segment is engaged in the manufacture and sale of foamed polypropylene, foamed polyethylene, and foamed polystyrene products based on bead foaming technology. The Company also operates businesses related to the sale of general packaging materials.
JSP Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the First Half of Fiscal 2017 and Fiscal Year Ending March 31, 2017