JSP Corporation Announces Consolidated Earnings Results for the Six Months Ended September 30, 2015; Revised Dividend and Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2016; Announces Dividend for the Second Quarter of Fiscal Year Ending March 31, 2016
October 28, 2015
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JSP Corporation announced consolidated earnings results for the six months ended September 30, 2015. For the six months, the company reported net sales of JPY 57,221 million compared to JPY 58,266 million a year ago. Operating income was JPY 4,120 million compared to JPY 2,673 million a year ago. Ordinary income was JPY 4,107 million compared to JPY 2,936 million a year ago. Profit attributable to owners of parent was JPY 2,879 million or JPY 96.60 per share compared to JPY 2,157 million or JPY 72.36 per share a year ago. As of September 30, 2015, the company's net assets per share were JPY 2,257.17. Net cash provided by operating activities totaled JPY 3,777 million, an increase of JPY 2,225 million from the same period of the previous fiscal year. Inflows included JPY 4,009 million from income before income taxes and JPY 2,328 million from depreciation. Outflows included a decrease of JPY 1,028 million in notes and accounts payable-trade, an increase of JPY 491 million in notes and accounts receivable -trade and income taxes paid of JPY 263 million.
The company revised consolidated earnings guidance for the fiscal year ending March 31, 2016. For the year, the company expects net sales of JPY 115,500 million compared to previous forecast of JPY 119,000 million, operating income of JPY 8,000 million compared to previous forecast of JPY 7,000 million, ordinary income of JPY 8,000 million compared to previous forecast of JPY 7,100 million, profit attributable to owners of parent of JPY 5,200 million or JPY 174.43 per share compared to previous forecast of JPY 4,800 million or JPY 161.01 per share.
The company announced dividend for the second quarter of fiscal year ending March 31, 2016. For the quarter, the company announced dividend of JPY 15.00 per share compared to JPY 15.00 per share a year ago.
The company provided dividend guidance for the fiscal year ending March 31, 2016. For the quarter, the company expects dividend of JPY 15.00 per share compared to JPY 15.00 per share a year ago.
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 Corporation Announces Consolidated Earnings Results for the Six Months Ended September 30, 2015; Revised Dividend and Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2016; Announces Dividend for the Second Quarter of Fiscal Year Ending March 31, 2016
JSP CORPORATION 
