Nippon Light Metal Holdings Company, Ltd. Announces Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2017 and Year Ending March 31, 2018
May 14, 2017
Share
Nippon Light Metal Holdings Company, Ltd. announced consolidated earnings results for the year ended March 31, 2017. For the year, the company reported net sales of JPY 448,381 million compared to JPY 464,405 million a year ago. Operating profit was JPY 30,225 million compared to JPY 26,821 million a year ago. Ordinary profit was JPY 26,252 million compared to JPY 24,526 million a year ago. Profit attributable to owners of parent was JPY 19,520 million or JPY 31.46 per diluted share compared to JPY 15,533 million or JPY 25.10 per diluted share a year ago. Return on equity (ROE) was 13.5% compared to 12.3% a year ago. Cash flows from operating activities were JPY 36,488 million compared to JPY 37,770 million a year ago.
The company provided consolidated earnings guidance for the six months ending September 30, 2017 and year ending March 31, 2018. For the six months ending September 30, 2017, the company expects net sales of JPY 230,000 million, operating profit of JPY 12,500 million, ordinary profit of JPY 11,500 million and profit attributable to owners of parent of JPY 7,000 million or JPY 11.30 per share.
For the year ending March 31, 2018, the company expects net sales of JPY 470,000 million, operating profit of JPY 30,000 million, ordinary profit of JPY 28,000 million and profit attributable to owners of parent of JPY 18,000 million or JPY 29.07 per share.
Nippon Light Metal Holdings Company, Ltd. is a Japan-based company mainly engaged in the manufacture and sale of alumina and chemical products, board and extrusion products, processed products, foil and powder product. The Company has four business segments. The Aluminum, Chemicals and Metals segment is engaged in the provision of alumina, aluminum hydroxide, various chemicals, aluminum bullions, aluminum alloys and others. The Board and Extrusion Products segment is engaged in the provision of aluminum sheets and aluminum extrusion products. The Processed Products and Related Business segment is engaged in the provision of processed aluminum products, including electronic materials, industrial components, landscape related products, panels for freezers and refrigerators, transportation related products, and carbon products, as well as the information processing and insurance agency services. The Foil and Powder Products segment is engaged in the provision of foil and powder products.
Nippon Light Metal Holdings Company, Ltd. Announces Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2017 and Year Ending March 31, 2018