Nihon Nohyaku Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended March 31, 2016; Provides Earnings Guidance for the Year Ending September 30, 2016
May 18, 2016 at 09:57 am
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Nihon Nohyaku Co. Ltd. reported consolidated earnings results for the six months ended March 31, 2016. For the period, the company reported net sales of ¥29,996 million, operating income of ¥5,011 million, ordinary income of ¥4,521 million and profit attributable to owners of parent was ¥2,935 million or ¥43.91 per share compared to net sales of ¥34,948 million, operating income of ¥9,956 million, ordinary income of ¥9,438 million and profit attributable to owners of parent of ¥6,402 million or ¥95.80 per share reported in the same period last year. Income before income taxes and minority interests was ¥4,490 million against ¥9,435 million reported last year. Net cash used in operating activities was ¥6,597 million against ¥3,308 million reported last year. Purchase of property, plant and equipment was ¥461 million against ¥1,184 million reported last year. Purchase of intangible assets was ¥51 million against ¥63 million reported last year.
The company provides earnings guidance for the year ending September 30, 2016. For the year, the company expected net sales of ¥57,500 million, operating income of ¥5,700 million, ordinary income of ¥4,900 million and profit attributable to owners of parent was ¥2,800 million or ¥41.89 per share.
NIHON NOHYAKU CO., LTD. is a manufacturer and sales of agrochemicals, the manufacture of medical products and the gardening, greenery and other construction works and other businesses. The Company operates in three segments. The Agrochemical segment is engaged in the manufacture and sales of insecticides, fungicides, insecticidal fungicides, herbicides, agricultural chemicals. The Chemical Besides Agrochemical segment manufactures and sells chemicals for wood materials, pesticide materials and medicines. The Others segment is involved in the design, construction and supervision of gardening, greenery and other construction works, the leasing of real estate, the distribution and storage of agricultural chemicals, as well as the analysis of agricultural chemical residues on the crops and in the environment.
Nihon Nohyaku Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended March 31, 2016; Provides Earnings Guidance for the Year Ending September 30, 2016