Nihon Seiko Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended September 30, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016
November 05, 2015
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Nihon Seiko Co., Ltd. Reported unaudited consolidated earnings results for the second quarter ended September 30, 2015. For the quarter, the company reported net sales of ¥6,469 million, operating income of ¥447 million, ordinary income of ¥436 million and profit attributable of parent of ¥282 million or ¥23.14 per share against net sales of ¥6,558 million, operating income of ¥461 million, ordinary income of ¥454 million and profit attributable of parent of ¥288 million or ¥23.60 per share for the same period a year ago. The company reported income before income taxes and minority interests of ¥430.524 million against ¥454.785 million for the same period a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2016. For the period, the company expected net sales of ¥12,700 million, operating income of ¥660 million, ordinary income of ¥640 million and profit attributable of parent of ¥400 million or ¥32.75 per share.
NIHON SEIKO CO., LTD. is a company mainly engaged in the manufacture and sale of antimony products and metallic powder products. The Company operates in two business segments. The Antimony segment involves in the manufacture and sale of flame retardant additives for synthetic resin products; antimony trioxide used as polymerization catalysts of polyester; antimony trisulfide used as antifriction materials of brakes, as well as sodium antimonate, among others. The Metallic Powder segment involves in the manufacture and sale of non-ferrous metal fine powder for electronic components, such as copper powder and precious metal powder for conductive paste and iron alloy powder as soft magnetic material for power inductors, as well as powder metallurgy (coarse powder) for the bearings of precision motors, such as bronze powder, brass powder, tin powder for precision motor bearings, among others. The others business includes the leasing of real estate.
Nihon Seiko Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended September 30, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016