NIC Autotec, Inc. Announces Consolidated Earnings Results for the First Nine Months Ended December 31, 2020
February 05, 2021 at 01:00 am
Share
NIC Autotec, Inc. announced consolidated earnings results for the first nine months ended December 31, 2020. For the first nine months, the company announced net sales of JPY 4,951 million against JPY 5,056 million a year ago. Operating profit was JPY 172 million against JPY 118 million a year ago. Profit attributable to owners of parent company was JPY 108 million or JPY 19.91 per basic share against JPY 68 million or JPY 12.52 per basic share a year ago.
NIC Autotec, Inc. is a Japan-based company mainly engaged in the manufacture and sale of industrial machinery and parts. The Company operates in three business segments. The Alfa Frame segment is engaged in the development, design, manufacture and sale of aluminum construction frames and auxiliary parts for frames under the brand ALFA FRAME SYSTEM. The Device segment develops, designs, manufactures and sells devices constructed from Alfa Frames, such as cleaning machines, conveyors and packaging equipment, inspection equipment and clean booth products, as well as aluminum structures, including equipment structures and safe covers, among others. The Trading segment is engaged in the provision of industrial grindstones, machinery and equipment such as cutting processing machines, tools such as end mills, bolts and drills, as well as lubricants.