Nippon Carbon Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended June 30, 2017; Provides Earnings Guidance for the Full Year Ending December 31, 2017
August 03, 2017
Share
Nippon Carbon Co., Ltd. reported consolidated earnings results for the six months ended June 30, 2017. For the six months, the company reported net sales of JPY 11,972 million against JPY 11,193 million for the same period in the last year. Operating income was JPY 467 million against JPY 183 million for the same period in the last year. Ordinary income was JPY 568 million against JPY 134 million a year ago. Profit attributable to owners of parent was JPY 348 million or JPY 31.43 per share against loss attributable to owners of parent of JPY 56 million or JPY 5.13 per share for the same period in the last year. Net assets per share were JPY 2,261.91 as of June 30, 2017. Profit before income taxes was JPY 568 million against JPY 307 million a year ago. Net cash provided by operating activities was JPY 2,904 million compared to JPY 1,352 million a year ago. Purchase of property, plant and equipment was JPY 1,081 million compared to JPY 3,514 million a year ago. Purchase of intangible assets was JPY 28 million compared to JPY 18 million a year ago.
For the year ending December 31, 2017, the company forecasts net sales of JPY 26,700 million, operating income of JPY 1,300 million, ordinary income of JPY 1,400 and profit attributable to owners of parent of JPY 1,200 million or JPY 108.64 per basic share.
Nippon Carbon Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of carbon products. The Company operates in three business segments. The Carbon Product-related segment is engaged in the manufacture, processing and sale of carbon products, including artificial graphite electrodes, impervious graphite, isotropic high purity graphite, graphite products for equipment, general carbon fiber and graphitic fiber, lithium-ion battery negative-electrode materials and others. The Silicon Carbide Product-related segment manufactures and processes materials, and sells products. Others segment is engaged in the leasing of real estate properties, as well as manufacture and repair of industrial machinery.
Nippon Carbon Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended June 30, 2017; Provides Earnings Guidance for the Full Year Ending December 31, 2017