NIC Autotec, Inc. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018
February 02, 2018 at 01:00 am
Share
NIC Autotec, Inc. reported consolidated earnings results for the nine months ended December 31, 2017. For the period, the company reported net sales of JPY 6,891 million compared to JPY 5,905 million a year ago. Operating income was JPY 817 million compared to JPY 563 million a year ago. Ordinary income was JPY 820 million compared to JPY 557 million a year ago. Profit attributable to owners of parent was JPY 538 million or JPY 98.85 per basic share compared to JPY 359 million or JPY 65.98 per basic share a year ago.
For the year ending March 31, 2018, the company expects consolidated net sales of JPY 9,142 million, operating income of JPY 950 million, ordinary income of JPY 948 million and profit attributable to owners of parent of JPY 629 million or JPY 115.44 per basic 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. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018
NIC AUTOTEC, INC. 
