Nichirei Corporation Announces Consolidated Earnings Results for the Six Months Ended September 30, 2019; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2020
November 04, 2019
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Nichirei Corporation announced consolidated earnings results for the six months ended September 30, 2019. For the six months, the company reported net sales of ¥291,847 million against ¥289,017 million a year ago. Operating profit was ¥14,988 million against ¥13,792 million a year ago. Ordinary profit was ¥15,390 million against ¥14,040 million a year ago.
Profit was ¥10,016 million or ¥71.30 per share against ¥9,515 million or ¥70.70 per share a year ago.
The company provided earnings guidance for the fiscal year ending March 31, 2020. For the year, the company expects net sales of ¥588,000 million, operating profit of ¥30,500 million, ordinary profit of ¥30,500 million and profit attributable to owners of parent of ¥20,000 million or ¥150.07 per share.
Nichirei Corporation is a diversified group organized around 4 sectors of activity:
- processing and distribution of food products (64.6% of net sales): frozen foods, tinned foods, beverages and food ingredients (62.7% of net sales), meet and poultry products (19.9%) and sea products (17.4%);
- logistic services (34.4%): storing, warehousing, transportation, etc.;
- real estate assets promotion and leasing (0.5%);
- other (0.5%): primarily distribution of pharmaceutical products.
Nichirei Corporation Announces Consolidated Earnings Results for the Six Months Ended September 30, 2019; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2020