Nippon Flour Mills Co., Ltd. Announces Consolidated Earnings Results for the First Half Ended September 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020; Announces Dividend for the Second Quarter of Fiscal Year 2020, Payable on November 29, 2019; Provides Dividend Guidance for the Year Ending 2020
December 02, 2019 at 12:34 am EST
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Nippon Flour Mills Co., Ltd. announced consolidated earnings results for the first half ended September 30, 2019. For the period, the company reported net sales of JPY 172,253 million against JPY 167,586 million a year ago. Operating income was JPY 5,308 million against JPY 5,346 million a year ago. Profit attributable to owners of parent was JPY 4,049 against JPY 4,031 million a year ago. Profit per share was JPY 52.87 compared to JPY 51.16 for the same period a year ago. Diluted profit per share was JPY 46.11 compared to JPY 46.70 for the same period a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2020. For the year, the company expects net sales of JPY 350,000 million, operating income of JPY 12,000 million, profit attributable to owners of the parent of JPY 9,000 million and profit per share of JPY 117.55.
The company announced the dividend of JPY 16.00 per share for the second quarter of fiscal year 2020 against JPY 15.00 a year ago, payable on November 29, 2019.
For the year ending 2020, the company expects year-end dividend to be JPY 16.00 per share against JPY 17.00 paid a year ago.
Nippn Corp, formerly Nippon Flour Mills Co Ltd, is a Japan-based company mainly engaged in the flour milling business and the food business. The Company operates in two business segments. The Flour Milling segment is mainly engaged in the manufacture and sale of wheat flour, bran, buckwheat flour and premix products. The Food segment is mainly engaged in the manufacture and sale of household wheat flour, premix, pasta, frozen food, prepared food and rice flour products. The Company is also engaged in the leasing of real estate, the manufacture and sale of pet food products, the design, manufacture and installation of equipment for food industry, the freight transportation business, the development of information processing systems, the sale of health food products, as well as the operation of donut shops.
Nippon Flour Mills Co., Ltd. Announces Consolidated Earnings Results for the First Half Ended September 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020; Announces Dividend for the Second Quarter of Fiscal Year 2020, Payable on November 29, 2019; Provides Dividend Guidance for the Year Ending 2020
NIPPN CORPORATION 
