Nitto Boseki Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2019; Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2019
February 05, 2019
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Nitto Boseki Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2018. For the first nine months, the company reported net sales of ¥63,181 million against ¥64,593 million a year ago. Operating profit was ¥6,865 million against ¥9,088 million a year ago. Profit was ¥5,594 million against ¥8,994 million a year ago. EPS, basic was ¥143.49 against ¥230.78 a year ago.
The company provided year-end dividend guidance for the fiscal year ending March 31, 2019. The company expects to pay year-end dividend of JPY 20.00 per share compared to JPY 22.50 per share paid a year ago.
The company revised consolidated earnings guidance for the full year ending March 31, 2019. For the full year, the company now expects to report net sales of JPY 83,000 million, operating income of JPY 8,500 million, ordinary income of JPY 9,000 million and profit attributable to owners of the parent of JPY 7,600 million or JPY 195.86 per basic share. The company previously expected to report net sales of JPY 86,000 million, operating income of JPY 10,000 million, ordinary income of JPY 10,500 million and profit attributable to owners of the parent of JPY 8,300 million or JPY 213.90 per basic share.
NITTO BOSEKI CO., LTD. is principally engaged in the operation of textile business, glass fiber yarn business, glass fiber cloth business, glass fiber for industrial materials business, life science business, and other businesses. Textiles segment manufactures and sells textile products, including core spun yarn, stretched products, interlining products and secondary products. Glass Fiber Yarn segment manufactures and sells glass raw fiber products, including yarn, roving and chopped strands. Glass Fiber Cloth segment manufactures and sells glass fiber functional products. Glass Fiber for Industrial Materials segment manufactures and sales glass wool products and glass fiber products for use in industrial materials. Life Science segment manufactures and sells reagents for in-vitro diagnostic drugs, specialty chemicals products and soft drinks, among others. The Others segment operates real estate related business, as well as other businesses.
Nitto Boseki Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2019; Revises Consolidated Earnings Guidance for the Full Year Ending March 31, 2019