Nissan Chemical Industries Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2020 and Full Year Ending March 31, 2021
August 11, 2020 at 02:00 am
Share
Nissan Chemical Industries Ltd. provided consolidated earnings guidance for the six months ending September 30, 2020 and full year ending March 31, 2021. For the six months ending September 30, 2020, the company expects net sales of JPY 96,600 million, operating income of JPY 16,100 million and net income attributable to owners of parent of JPY 12,500 million or JPY 86.64 per share.
For the year ending March 31, 2021, the company expects net sales of JPY 214,500 million, operating income of JPY 39,300 million and net income attributable to owners of parent of JPY 30,800 million or JPY 214.23 per share.
Nissan Chemical Corporation specializes in manufacturing and marketing chemical products. Net sales break down by family of products as follows:
- performance materials (30.2%): polyimide resins, colloids, silicas, inorganic materials, etc. for the manufacturng of electronic products (semiconductors, LCD displays, etc.);
- agrochemical products (25.1%): insecticides (Sanmite, Starmite, Mito-Kohne, Leimay and Ikaruga brands), herbicides (Roundup, Targa, Sirius and Permit), fertilizers, etc.;
- basic chemicals and fine chemicals (11.3%): melamine, sulfuric acid, nitric acid, ammonia, etc.;
- pharmaceutical products (2.9%): primarily for treatment of angina, hypertension, cholesterol, etc.;
- other (25.8%).
The remaining sales (25.8%) are from the chemicals trading activity.
Net sales break down geographically as follows: Japan (47.7%), China (14.5%), Korea (10.3%), Asia (13.8%), Europe and the United States (13.7%).
Nissan Chemical Industries Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2020 and Full Year Ending March 31, 2021
NISSAN CHEMICAL CORPORATION 
