Nippon Flour Mills Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Half Year of Fiscal 2020 and Full Year Ending March 31, 2020; Provides Second Quarter End and Year End Dividend Guidance for the Fiscal Year Ending March 31, 2020
August 30, 2019 at 01:02 am EDT
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Nippon Flour Mills Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 85,544 million against JPY 83,387 million a year ago. Operating income was JPY 2,486 million against JPY 2,527 million a year ago. Profit was JPY 2,512 million against JPY 2,331 million a year ago. Profit per share was JPY 32.53 compared to JPY 28.80 a year ago. Fully diluted profit per share was JPY 28.38 compared to JPY 27.48 a year ago.
The company provided consolidated earnings guidance for the half year of fiscal 2020 and full year ending March 31, 2020. For the half year of fiscal 2020, the company expects net sales of JPY 175,000 million, operating income of JPY 5,500 million, profit attributable to owners of the parent of JPY 4,300 million and profit per share of JPY 56.17.
For the full year ending March 31, 2020, 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 provided second quarter end and year-end dividend guidance for the fiscal year ending March 31, 2020. The company forecasts second quarter end dividend of JPY 16.00 per share compared to JPY 15 per share paid a year ago.
The company expects year-end dividend of JPY 16.00 per share for the fiscal year ending March 31, 2020 compared to JPY 17 per share 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 Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Half Year of Fiscal 2020 and Full Year Ending March 31, 2020; Provides Second Quarter End and Year End Dividend Guidance for the Fiscal Year Ending March 31, 2020
NIPPN CORPORATION 
