Nitto Denko Corporation Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Consolidated Earnings Guidance for Fiscal Year 2019
April 26, 2019 at 03:00 am EDT
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Nitto Denko Corporation reported consolidated and non-consolidated earnings results for the year ended March 31, 2019. For the period, on consolidated basis, the company reported revenue of ¥806,495 million compared to ¥857,376 million a year ago. Operating income of ¥92,777 million compared to ¥125,722 million a year ago. Net income of ¥66,616 million compared to ¥87,463 million a year ago. Basic earnings per share of ¥423.50 per share compared to ¥538.99 per share a year ago. Diluted earnings per share was ¥423.14 against ¥538.41 a year ago.
For the period, on non-consolidated basis, the company reported revenue of ¥490,626 million compared to ¥524,008 million a year ago. Operating income of ¥40,741 million compared to ¥71,901 million a year ago. Net income of ¥71,894 million compared to ¥75,434 million a year ago. Basic earnings per share of ¥457.45 per share compared to ¥465.32 per share a year ago. Diluted earnings per share was ¥457.05 against ¥464.82 a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2020. For the period, the company expected revenue of ¥790,000 million, operating income of ¥85,000 million, net income of ¥62,000 million or ¥395.28 per basic share.
Nitto Denko Corporation specializes in the manufacturing and marketing of chemical products used as materials for industrial and electronic components. Net sales break down by family of products as follows:
- optoelectronic products (53.1%): LCD-related products, conductive films used on touch panels, semiconductor encapsulating materials, printed circuit boards, etc.;
- industrial tapes (38.4%): adhesives tapes for electronic components and hard disc drives, surface protective materials, tapes for hygienic use, etc.;
- medical and environmental materials (5.6%): transdermal drug delivery patches and seawater desalination membranes;
- other (2.9%).
Nitto Denko Corporation Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Consolidated Earnings Guidance for Fiscal Year 2019