Nippon Light Metal Holdings Company, Ltd. Provides Consolidated Earnings Guidance for the Period Ended March 31, 2022
May 26, 2021 at 01:00 am EDT
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Nippon Light Metal Holdings Company, Ltd. provided consolidated earnings guidance for the period ended March 31, 2022. At present, the situation of COVID-19, the impact of the shortage of semiconductors for automobiles, the situation in the Middle East, and other factors are unpredictable, but The company expects an increase in sales and profits due to the current improvement in the business environment. While profits for fiscal 2021 are expected to return to the level before the spread of COVID-19 due to the increase in sales volume, profits for fiscal 2021 are expected to decrease due to further increases in the prices of aluminum ingots and materials, and increased expenses for easing travel restrictions and resuming customer visitation activities.
Nippon Light Metal Holdings Company, Ltd. is a Japan-based company mainly engaged in the manufacture and sale of alumina and chemical products, board and extrusion products, processed products, foil and powder product. The Company has four business segments. The Aluminum, Chemicals and Metals segment is engaged in the provision of alumina, aluminum hydroxide, various chemicals, aluminum bullions, aluminum alloys and others. The Board and Extrusion Products segment is engaged in the provision of aluminum sheets and aluminum extrusion products. The Processed Products and Related Business segment is engaged in the provision of processed aluminum products, including electronic materials, industrial components, landscape related products, panels for freezers and refrigerators, transportation related products, and carbon products, as well as the information processing and insurance agency services. The Foil and Powder Products segment is engaged in the provision of foil and powder products.
NIPPON LIGHT METAL HOLDINGS COMPANY, LTD. 
