Nippon Flour Mills Co., Ltd. Announces Consolidated Earnings Results for the Third Quarter Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
February 27, 2020 at 02:54 am EST
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Nippon Flour Mills Co., Ltd. announced consolidated earnings results for the third quarter ended December 31, 2019. For the quarter, the company reported net sales of JPY 263,141 million against JPY 254,992 million a year ago. Operating income was JPY 8,593 million against JPY 8,729 million a year ago. Ordinary income was JPY 10,042 million against JPY 10,500 million a year ago. Profit was JPY 6,939 million against JPY 7,007 million a year ago. Profit per share was JPY 89.34 compared to JPY 87.55 for the same period a year ago. Fully diluted profit per share was JPY 77.94 compared to JPY 78.73 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.
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 Third Quarter Ended December 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020
NIPPN CORPORATION 
