Zeon Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Interim Period Ending September 30, 2019 and Year Ending March 31, 2020
July 30, 2019
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ZEON Corporation announced consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company's reported net sales were JPY 82,418 million compared to JPY 83,672 million for the same period a year ago. Operating income was JPY 8,325 million compared to JPY 8,456 million for the same period a year ago. Net income attributable to owners of parent was JPY 6,065 million compared to JPY 6,653 million for the same period a year ago. Net income per share was JPY 27.76 compared to JPY 29.97 for the same period a year ago. Fully diluted net income per share was JPY 27.72 compared to JPY 29.93 for the same period a year ago.
For the period ending September 30, 2019, the company expects net sales to be JPY 160,000 million, Operating income to be JPY 14,500 million, Net income attributable to owners of parent to be JPY 11,000 million and net income per share to be JPY 50.34.
For the period ending March 31, 2020, the company expects net sales to be JPY 330,000 million, Operating income to be JPY 30,000 million, Net income attributable to owners of parent to be JPY 22,000 million and net income per share to be JPY 100.69.
ZEON CORPORATION is mainly engaged in the elastomer business. The Company operates in two business segments. The Elastomer segment mainly manufactures and sells synthetic rubber, synthetic latex, petroleum resins and thermoplastic elastomer. The High-function Material segment mainly manufactures and sells synthetic perfumes, organic synthetic chemicals, electronic materials, toner-related products, high-function resins and members, medical equipment. The Company also offers reaction injection molding (RIM) products, painting materials and others.
Zeon Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Interim Period Ending September 30, 2019 and Year Ending March 31, 2020