Sakata INX Corporation Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2020 and Year Ending December 31, 2020
May 26, 2020 at 04:00 am EDT
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Sakata INX Corporation provided consolidated earnings guidance for the six months ending June 30, 2020 and year ending December 31, 2020. For the year, the company expects net sales of ¥171,000 million, operating income of ¥7,500 million, profit attributable to owners of parent of ¥5,800 million and basic EPS of ¥99.32.
For six months, the company expects net sales of ¥83,600 million, operating income of ¥3,100 million, profit attributable to owners of parent of ¥2,300 million and basic EPS of ¥39.38.
SAKATA INX CORPORATION is a J engaged in the manufacture and sale of printing ink. The Company operates in five business segments. The Printing Ink / Equipment (Japan) segment, Printing Ink (Asia) segment, Printing Ink (North America) segment and Printing Ink (Europe) segment are mainly engaged in printing ink business that produces and sells newspaper ink, offset ink, flexo ink, gravure ink and metal ink for each market. The Printing Ink / Equipment (Japan) segment is also involved in the operation of printing equipment business that purchases and sells materials for printing plate making, as well as printing plate making related equipment. The Functional Materials segment is engaged in the production and sale of inkjet inks, toners, pigment dispersions for color filters, as well as functional coatings. The Company is also engaged in the purchasing and sale of color related equipment and chemical products, as well as the production and sale of display services for the Japanese market.