Japan Pure Chemical Co., Ltd. Announces Non-Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Six Months Ending September 30, 2016 and Year Ending March 31, 2017
July 21, 2016
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Japan Pure Chemical Co., Ltd. announced non-consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported sales were JPY 1,783,103,000 compared with JPY 2,528,480,000 a year ago. Operating income was JPY 158,739,000 compared with JPY 264,110,000 a year ago. Ordinary income was JPY 202,369,000 compared with JPY 308,034,000 a year ago. Income before taxes was JPY 202,734,000 compared with JPY 308,799,000 a year ago. Net income was JPY 146,729,000 compared with JPY 212,825,000 a year ago. Net income per diluted share was JPY 25.14 compared with JPY 25.14 a year ago.
The company provided earnings guidance for the six months ending September 30, 2016 and year ending March 31, 2017. For the six months, the company expects sales of JPY 4,400 million, operating income of JPY 520 million, ordinary income of JPY 570 million, net income of JPY 400 million and net income per share of JPY 68.48.
For the year, the company expects sales of JPY 8,900 million, operating income of JPY 1,100 million, ordinary income of JPY 1,190 million, net income of JPY 830 million and net income per share of JPY 142.09.
JAPAN PURE CHEMICAL CO., LTD. is principally engaged in the development, manufacture and sale of precious metals plating chemicals, which are mainly used in the connections of print circuit boards, connectors and lead frames for electronic components. The Company is involved primarily in functional plating, focused on the three metals of gold, silver, and palladium. Gold is used for printed circuit board and semiconductor mounting substrate applications, while gold and palladium are used for connectors. The Company distributes the products in domestic market and to overseas markets.
Japan Pure Chemical Co., Ltd. Announces Non-Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Six Months Ending September 30, 2016 and Year Ending March 31, 2017