Nippon Carbon Co., Ltd. Reports Earnings Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Six Months Ending June 30, 2017 and Full Year Ended Year Ending December 31, 2017
February 09, 2017
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Nippon Carbon Co., Ltd. reported earnings results for the year ended December 31, 2016. For the period, the company reported net sales of ¥22,903 million, operating loss of ¥663 million, ordinary loss of ¥570 million, loss attributable to owners of parent of ¥5,413 million, earnings per share of ¥49 million, against net sales of ¥28,891 million, operating income of ¥2,063 million, ordinary income of ¥1,884 million, profit attributable to owners of parent of ¥1,076 million, earnings per share of ¥10 million. Cash flows from operating activities was ¥2,370 million against ¥3,827 million for the same period last year. Loss before income taxes was ¥4,658 million against profit before income taxes ¥1,936 million for the same period last year.
The company provides earnings guidance for the six months ending June 30, 2017 and full year ended year ending December 31, 2017. For the six months ending June 30, 2017, the company expects net sales of ¥11,200 million, Operating income of ¥200 million, and ordinary income of ¥100 million, Profit attributable to owners of parent of ¥0 million, and Earnings per share of ¥0.00.
For the full year ended year ending December 31, 2017, the company expected net sales of ¥26,000 million, operating income of ¥1,000 million, ordinary income of ¥1,100 million, profit attributable to owners of parent of ¥1,000 million, and earnings per share of ¥9.02.
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 Earnings Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Six Months Ending June 30, 2017 and Full Year Ended Year Ending December 31, 2017