Meiwa Corporation Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2020
May 14, 2019 at 02:00 am
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Meiwa Corporation reported consolidated and non-consolidated earnings results for the year ended March 31, 2019. For the year, on consolidated basis, the company reported net sales of JPY 154,604 million against JPY 141,793 million a year ago. Operating income was JPY 2,636 million against JPY 2,003 million a year ago. Net income attributable to owners of parent was JPY 2,267 million against JPY 2,068 million a year ago. Basic earnings per share was JPY 54.29 against JPY 49.52 a year ago.
For the year, on non-consolidated basis, the company reported net sales of JPY 105,941 million against JPY 100,801 million a year ago. Operating income was JPY 1,036 million against JPY 785 million a year ago. Net income was JPY 1,173 million against JPY 1,140 million a year ago. Basic earnings per share was JPY 28.11 against JPY 27.32 a year ago.
For the fiscal year ending March 31, 2020, the company expects net sales of JPY 160,000 million, operating income of JPY 2,300 million and net income attributable to owners of parent of JPY 2,350 million or JPY 56.27 per share.
MEIWA CORPORATION is a Japan-based company mainly engaged in the chemical industry business and other businesses. The Company operates through four business segments. The First segment manufactures and sells battery materials, rare metals and rare earths, the environment, synthetic resins and flame retardants, pharmaceutical intermediates and others. The Second segment sells petroleum products such as lubricating oils, base oils and additives. The Third segment sells chemical raw materials, printing materials, synthetic resin processed products, functional building materials and others. The Automotive Parts segment is engaged in the automotive parts business and related businesses. The Company also sells glass products.
Meiwa Corporation Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2020
MEIWA CORPORATION 
