JSP Corp. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2011 ; Provides Dividend Forecasts for the Fiscal Year 2012 ; Provides Earnings Guidance for the Full Year Ended March 31, 2012
January 29, 2012
Share
JSP Corp. reported consolidated earnings results for the nine months ended December 31, 2011. For the nine months, net sales were JPY 70,774 million compared to JPY 70,196 million a year ago. Operating income was JPY 4,530 million compared to JPY 6,251 million a year ago. Ordinary income was JPY 4,642 million compared to JPY 6,278 million a year ago. Net income was JPY 3,119 million or JPY 104.61 per share compared to JPY 4,538 million or JPY 149.19 per share a year ago. Due to higher raw material and fuel prices that increased costs, operating income declined by 27.5%. Net cash provided by operating activities totaled JPY 2,761 million, a decrease of JPY 1,612 million from a year earlier. Purchase of noncurrent assets was JPY 4,601 million. Income before income taxes was JPY 4,405 million.
The company forecasted year end dividend of JPY 15 per share, which is same from previous year. Total dividend amounted to JPY 30 per share for the year 2012, also same from previous year.
For the full year ended March 31, 2012, the company forecasted net sales of JPY 93,000 million, operating income of JPY 5,700 million, ordinary income of JPY 5,800 million and net income of JPY 3,400 million or JPY 114.03 per share.
JSP Corp is a Japan-based company mainly engaged in the manufacture and sale of plastic products with enhanced functionality and economic efficiency, mainly using foaming technology. The Company operates business through two business segments. The Extrusion segment is engaged in the manufacture and sale of polystyrene, polyethylene, polypropylene sheets, boards and others, using extrusion foam technology as its core. The Beads segment is engaged in the manufacture and sale of foamed polypropylene, foamed polyethylene, and foamed polystyrene products based on bead foaming technology. The Company also operates businesses related to the sale of general packaging materials.
JSP Corp. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2011 ; Provides Dividend Forecasts for the Fiscal Year 2012 ; Provides Earnings Guidance for the Full Year Ended March 31, 2012
JSP CORPORATION 
