Nittoseiko Co.,Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2023 and for the Fiscal Year Ending December 31, 2024
May 16, 2023 at 04:00 am EDT
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Nittoseiko Co.,Ltd. provided consolidated earnings guidance for the six months ending June 30, 2023 and for the fiscal year ending December 31, 2024. For the six months, the company expects net sales of JPY 22,500 million, operating profit of JPY 1,600 million, profit attributable to owners of parent of JPY 1,000 million and earnings per share of JPY 27.06.
For the full year, the company expects net sales of JPY 46,500 million, operating profit of JPY 3,500 million, profit attributable to owners of parent of JPY 2,200 million and earnings per share of JPY 59.54.
NITTO SEIKO CO., LTD. is a manufacturer of industrial fasteners and tools, industrial and precision machinery, as well as measuring and control equipment. The Company operates in three business segments. The Fastener segment offers precision screw parts, special cold-headed parts and industrial fasteners. The Industrial Machinery segment offers automatic assembly systems, including free cycle conveyors, automatic screw fastening machines, automatic rivet caulking machines, assembly robots and other industrial machinery. The Control segment offers flow meters, high performance inspection sorting equipment, automatic penetration testing machine for geological survey, micro bubble washing equipment.