NIC Autotec, Inc. Announces Consolidated Earnings Results for the Second Quarter Ended September 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
November 02, 2017 at 02:00 am
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NIC Autotec, Inc. announced consolidated earnings results for the second quarter ended September 2017. For the quarter, the company reported net sales of JPY 4,285 million compared with JPY 3,545 million a year ago. Operating income was JPY 481 million compared with JPY 366 million a year ago. Ordinary income was JPY 484 million compared with JPY 358 million a year ago. Profit attributable to owners of parent company was JPY 326 million or JPY 59.83 per basic share compared with JPY 240 million or JPY 44.14 per basic share a year ago.
For the year ending March 31, 2018, on consolidated basis, the company expects net sales of JPY 8,348 million, operating income of JPY 849 million, ordinary income of JPY 849 million and profit attributable to owners of the parent company of JPY 561 million or JPY 103.14 per share.
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.
NIC Autotec, Inc. Announces Consolidated Earnings Results for the Second Quarter Ended September 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
NIC AUTOTEC, INC. 
