Tosoh Corporation Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019
February 04, 2019 at 09:25 am EST
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Tosoh Corporation reported consolidated earnings results for the nine months ended December 31, 2018. For the nine months, the company reported net sales of ¥645.8 billion against ¥601.9 billion a year ago. Operating income was ¥94.3 billion against ¥79.6 billion a year ago. Profit attributable to owners of the parent was ¥69.0 billion against ¥56.4 billion a year ago. Net income per share was ¥212.45 against ¥173.57 per share a year ago.
For the year ending March 31, 2019, the company expects net sales of ¥880.0 billion, operating income of ¥100.0 billion, profit attributable to owners of the parent of ¥71.0 billion and net income per share of ¥218.65.
Tosoh Corporation is one of the Japanese largest chemical groups. Net sales break down by activity as follows:
- manufacturing of chemical products (37.5%): caustic soda, , vinyl chloride monomer, polyvinyl chloride, etc.;
- production of specialty materials (24.6%): fine chemistry products, diagnosis products, electronic materials, etc.;
- manufacturing of petrochemical products (17.9%): olefins, polymers, etc.;
- services (14.5%): transportation, warehousing, support services, etc.;
- other (5.4%).
Net sales break down geographically as follows: Japan (54.5%), China (14%), Asia (19.7%) and other (11.8%).
Tosoh Corporation Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019