Japan Pure Chemical Co., Ltd. Announces Non-Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Non-Consolidated Earnings Guidance for the Six Months and Year Ending March 31, 2018
April 24, 2017
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Japan Pure Chemical Co., Ltd. announced non-consolidated earnings results for the year ended March 31, 2017. For the year, the company reported net sales of JPY 8,229 million compared with JPY 8,429 million for the same period a year ago. Operating profit was JPY 900 million compared with JPY 957 million for the same period a year ago. Ordinary profit was JPY 1,002 million compared with JPY 1,047 million for the same period a year ago. Profit was JPY 716 million or JPY 123.57 per diluted share compared with JPY 708 million or JPY 120.68 per diluted share for the same period a year ago. Profit before income taxes was JPY 1,010,230,000 compared with JPY 1,048,301,000 for the same period a year ago. Cash flow from operating activities was JPY 478 million against JPY 650 million a year ago. Purchase of property, plant and equipment was JPY 17,079,000 against JPY 46,199,000 a year ago. Purchase of intangible assets was JPY 13,160,000.
The company provided non-consolidated earnings guidance for the six months and year ending March 31, 2018. For the six months ending Sep. 30, 2017, the company expects net sales of JPY 3,870 million, operating profit of JPY 400 million, ordinary profit of JPY 450 million and profit of JPY 320 million or JPY 55.71 per share.
For the year 2018, the company expects net sales of JPY 8,470 million, operating profit of JPY 940 million, ordinary profit of JPY 1,030 million and profit of JPY 730 million or JPY 127.08 per share.
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 Year Ended March 31, 2017; Provides Non-Consolidated Earnings Guidance for the Six Months and Year Ending March 31, 2018