JSP Corp. Reports Consolidated and Non-Consolidated Unaudited Earnings Results for the Fiscal Year Ended March 31, 2012; Announces Final Dividend, Payable on June 29, 2012; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2013; Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2013
April 26, 2012
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JSP Corp. reported consolidated and non-consolidated unaudited earnings results for the fiscal year ended March 31, 2012. For the year, on a consolidated basis, the company reported net sales of JPY 93,397 million against JPY 91,971 million for the same period last year. Operating income was JPY 5,296 million against JPY 7,552 million for the same period last year. Ordinary income was JPY 5,536 million against JPY 7,874 million for the same period last year. Net income was JPY 3,100 million or JPY 103.98 per share against JPY 4,881 million or JPY 161.25 per share for the same period last year. Return on equity was 7.0% against 11.2% for the same period last year. Cash flows from operating activities were JPY 5,532 million against JPY 7,840 million for the same period last year. Net cash used in investing activities totaled JPY 6,138 million, an increase of JPY 941 million. This included outflows of JPY 6,006 million for purchase of noncurrent assets and JPY 614 million for a net increase in time deposits.
The company announced a final dividend of JPY 15.00 for the fiscal year ended March 31, 2012. The dividend is payable on June 29, 2012.
The company provided dividend guidance for the fiscal year ending March 31, 2013. For the year, the company expects to pay an interim dividend of JPY 15.00 and a final dividend of JPY 15.00 per share.
The company provided consolidated earnings guidance for the first half and full year of fiscal year ending March 31, 2013. For the first half of fiscal year ending March 31, 2013, the company expects net sales of JPY 48,000 million, operating income of JPY 2,900 million, ordinary income of JPY 2,900 million and net income of JPY 2,000 million or JPY 67.08 per share.
For the fiscal year ending March 31, 2013, the company expects net sales of JPY 97,000 million, operating income of JPY 6,000 million, ordinary income of JPY 6,100 million and net income of JPY 4,000 million or JPY 134.16 per share.
For the year, on a non-consolidated basis, the company reported net sales of JPY 54,623 million against JPY 55,785 million for the same period last year. Operating income was JPY 1,773 million against JPY 3,163 million for the same period last year. Ordinary income was JPY 3,076 million against JPY 4,709 million for the same period last year. Net income was JPY 2,208 million or JPY 74.06 per share against JPY 3,248 million or JPY 107.30 per share for the same period last year.
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 and Non-Consolidated Unaudited Earnings Results for the Fiscal Year Ended March 31, 2012; Announces Final Dividend, Payable on June 29, 2012; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2013; Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending March 31, 2013
JSP CORPORATION 
