Nitto Denko Corporation Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014; Revised Earnings Guidance for the Fiscal Year 2015
January 30, 2015 at 11:00 am EST
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Nitto Denko Corporation announced consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the third quarter, the company reported revenue of ¥230.09 billion, operating income of ¥39.28 billion against revenue of ¥199.23 billion, operating income of ¥21.71 billion a year ago.
For the nine months, the company reported revenue of ¥623.6 billion, operating income of ¥82.3 billion, net income of ¥56.9 billion compared to revenue of ¥564.3 billion, operating income of ¥56.1 billion, net income of ¥38.2 billion a year ago. Income before income taxes was ¥81.69 billion against ¥54.66 billion a year ago. Net income attributable to owners of the parent company was ¥56.89 billion against ¥38.12 billion a year ago. Diluted earnings per share were ¥344.07 against ¥230.62 a year ago. Net cash provided by operating activities was ¥79 billion against ¥50.73 billion a year ago. Purchase of property, plant and equipment and intangible assets was ¥38.12 billion against ¥59.48 billion a year ago.
For the fiscal year ending March 31, 2015, the company now expected revenue of ¥825 billion, operating income of ¥100 billion, net income of ¥72 billion compared to revenue of ¥805 billion, operating income of ¥88 billion, net income of ¥64 billion for the same period expected previously. Depreciation and amortization of ¥48 billion and R&D expenditure of ¥27 billion. Income before income taxes of ¥99 billion, net income attributable to owners of the parent company of ¥72 billon or ¥436.15 basic earnings per share.
Nitto Denko Corporation specializes in the manufacturing and marketing of chemical products used as materials for industrial and electronic components. Net sales break down by family of products as follows:
- optoelectronic products (53.1%): LCD-related products, conductive films used on touch panels, semiconductor encapsulating materials, printed circuit boards, etc.;
- industrial tapes (38.4%): adhesives tapes for electronic components and hard disc drives, surface protective materials, tapes for hygienic use, etc.;
- medical and environmental materials (5.6%): transdermal drug delivery patches and seawater desalination membranes;
- other (2.9%).
Nitto Denko Corporation Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014; Revised Earnings Guidance for the Fiscal Year 2015