Nihon Seiko Co., Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2013; Provides Consolidated Earnings Guidance for the First Half of 2013 and Year Ending March 31, 2014
August 01, 2013
Share
Nihon Seiko Co., Ltd. Reported unaudited consolidated earnings results for the first quarter ended June 30, 2013. For the quarter, the company reported net sales of ¥2,991 million, operating income of ¥202 million, ordinary income of ¥213 million and net income of ¥131 million or ¥10.74 per share against net sales of ¥3,300 million, operating income of ¥252 million, ordinary income of ¥240 million and net income of ¥151 million or ¥12.38 per share for the same period a year ago. The company reported income before income taxes and minority interests of ¥235.6 million against ¥213.7 million for the same period a year ago.
The company provided consolidated earnings guidance for the first half of 2013 and year ending March 31, 2014. For the first half of 2013, the company expects net sales of ¥6,200 million, operating income of ¥340 million, ordinary income of ¥320 million and net income of ¥200 million or ¥16.37 per share.
For the year ending March 31, 2014, the company expects net sales of ¥12,400 million, operating income of ¥720 million, ordinary income of ¥670 million and net income of ¥410 million or ¥33.56 per share.
NIHON SEIKO CO., LTD. is a company mainly engaged in the manufacture and sale of antimony products and metallic powder products. The Company operates in two business segments. The Antimony segment involves in the manufacture and sale of flame retardant additives for synthetic resin products; antimony trioxide used as polymerization catalysts of polyester; antimony trisulfide used as antifriction materials of brakes, as well as sodium antimonate, among others. The Metallic Powder segment involves in the manufacture and sale of non-ferrous metal fine powder for electronic components, such as copper powder and precious metal powder for conductive paste and iron alloy powder as soft magnetic material for power inductors, as well as powder metallurgy (coarse powder) for the bearings of precision motors, such as bronze powder, brass powder, tin powder for precision motor bearings, among others. The others business includes the leasing of real estate.
Nihon Seiko Co., Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2013; Provides Consolidated Earnings Guidance for the First Half of 2013 and Year Ending March 31, 2014