Sekisui Chemical Co., Ltd. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2016
January 28, 2016 at 02:30 pm
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Sekisui Chemical Co., Ltd. reported consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the third quarter, the company reported net sales of JPY 260,760 million, operating income of JPY 17,160 million, ordinary income of JPY 14,860 million and net income attributable to shareholders of JPY 7,659 million as compared to net sales of JPY 266,048 million, operating income of JPY 16,096 million, ordinary income of JPY 19,751 million and net income attributable to shareholders of JPY 14,956 million for the same period a year ago. Income before income taxes and non-controlling interests was JPY 4,325 million compared to JPY 24,569 million a year ago.
For the nine months, the company reported net sales of JPY 799,670 million, operating income of JPY 55,399 million, ordinary income of JPY 54,354 million and net income attributable to shareholders of JPY 40,452 million or JPY 81.79 per diluted share as compared to net sales of JPY 811,969 million, operating income of JPY 57,876 million, ordinary income of JPY 65,617 million and net income attributable to shareholders of JPY 43,884 million or JPY 86.19 per diluted share for the same period a year ago. Income before income taxes and non-controlling interests was JPY 52,446 million compared to JPY 70,024 million a year ago. Net cash provided by operating activities was JPY 42,763 million compared to JPY 22,218 million a year ago. Purchases of property, plant and equipment were JPY 31,013 million compared to JPY 24,130 million a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2016. For the year, the company expects net sales of JPY 1,120,000 million, operating income of JPY 90,000 million, ordinary income of JPY 89,000 million and net income attributable to shareholders of JPY 58,000 million or JPY 118.81 per share.
Sekisui Chemical Co., Ltd. is a company that operates in four business segments .The Housing segment is engaged in the manufacture, construction, sale and renovation of unit housing, the sale of land for subdivision, the provision of reform services, as well as the construction and sale of interior items, exterior items and real estate. The Environment and Life Line segment offers vinyl chloride pipe and fittings, polyethylene pipe and fittings, system pipe, aqueduct/water conduit rehabilitation materials, reinforced plastic composite pipes, and building materials, among others. The High-performance Plastics segment offers intermediate films for laminated glass, foamed polyolefin, tapes, particulate for liquid crystal and sensitive materials and test drug, among others. The Others segment is engaged in the manufacture and sale of film type lithium ion battery, as well as the provision of other products and services.
Sekisui Chemical Co., Ltd. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2016