Arakawa Chemical Industries, Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024
February 05, 2024 at 01:00 am EST
Share
Arakawa Chemical Industries, Ltd. revised consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year ending March 31, 2024, the company expects net sales of JPY 72,000 million, operating loss of JPY 2,400 million and loss attributable to owners of parent of JPY 900 million or JPY 45.37 per basic share.
ARAKAWA CHEMICAL INDUSTRIES, LTD. is a Japan-based company principally engaged in the manufacture and sale of intermediate materials for papermaking chemicals, printing ink resins, adhesive resins and electronic materials. The Company has four business segments. Papermaking Chemicals segmentâs main products include sizing agents, paper strength enhancers and coated paper chemicals. Coating segmentâs main products include printing ink resins, paint resins, synthetic rubber polymerization emulsifiers and photocurable resins. Adhesive segmentâs main products include adhesive resins and ultra-light rosin. Functional Materials segmentâs main products include compounded products for electronic materials, functional fine chemical products, precision abrasives, precision parts cleaners and cleaning equipment. The Company is also involved in non-life insurance and real estate brokerage business.