Nitta Corporation Provides Earning Guidance for the First Half of Fiscal Year Ending September 30, 2022 and Full Fiscal Year Ending March 31, 2023
August 05, 2022 at 07:00 am
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Nitta Corporation provided earning guidance for the first half of fiscal year ending September 30, 2022 and full fiscal year ending March 31, 2023. For the first half of fiscal year ending September 30, 2022, the company expects net sales of JPY 42,000 million, operating income of JPY 2,600 million, ordinary income of JPY 6,100 million, net income attributable to owners of parent JPY 4,900 million and net income per share JPY 173.06.
For the full fiscal year ending March 31, 2023, the company expects net sales of JPY 86,000 million, operating income of JPY 5,300 million, ordinary income of JPY 12,400 million, net income attributable to owners of parent JPY 10,000 million and net income per share JPY 353.18.
Nitta Corporation is mainly engaged in the manufacture and sale of belt and rubber products, hose and tube products. The Company operates in six business segments. The Belt and Rubber Products segment is engaged in the manufacture and sale of belt products, transmission products, rubber products, communication equipment, electronic device, toothed belts, V-belt automatic tensioners, and pulleys and others. The Hose and Tube Products segment is engaged in the manufacture and sale of resin hoses and tubes, metal fittings and mechatronic products. The Other Industrial Products segment offers air conditioning products, sensors, temperature-sensitive adhesive tapes, medical rubber and plastic products, precision polishing pads and slurries, among others. The Real Estate segment conducts the leasing of real estate. The Business Instruction segment provides management guidance to affiliated companies.
NITTA CORPORATION 
