Toagosei Co. Ltd. Reports Consolidated Earnings Results for the Third Quarter Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2017
October 29, 2017
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Toagosei Co. Ltd. reported consolidated earnings results for the third quarter ended September 30, 2017. For the period, the company reported net sales of JPY 106,580 million against JPY 99,887 million a year ago. Operating income was JPY 13,146 million against JPY 11,729 million a year ago. Ordinary income was JPY 13,790 million against JPY 12,090 million a year ago. Net income attributable to shareholders of parent was JPY 9,862 million or JPY 74.92 per basic share against JPY 7,886 million or JPY 59.90 a year ago.
For the year ending December 31, 2017, on consolidated basis, the company expects net sales of JPY 142,000 million, operating income of JPY 18,000 million, ordinary income of JPY 18,700 and net income attributable to shareholders of parent of JPY 12,500 or JPY 94.96 per share.
TOAGOSEI CO., LTD. is a Japan-based company mainly engaged in the chemicals business and polymer and oligomer businesses. The Company operates through five business segments. The Basic Chemicals segment manufactures and sells sodium hydroxide, sodium hydroxide, sodium hypochlorite, sulfuric acid, industrial gases, and acrylic acid esters. The Polymer and Oligomer segment manufactures and sells acrylic polymers, polymer flocculants, and photo-curable resins. The Resin Processing Products segment manufactures and sells plumbing equipment products, building materials and civil engineering products, life support products, and elastomer compounds. The Adhesive Materials segment manufactures and sells instant adhesives and functional adhesives. The Advanced Inorganic Materials segment manufactures and sells high-purity inorganic chemicals and inorganic functional materials. It is also engaged in new products research and development business, transportation and trading company business.
Toagosei Co. Ltd. Reports Consolidated Earnings Results for the Third Quarter Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2017