Nippon Shokubai Co., Ltd. Revises Consolidated Earnings Guidance for the Year Ending March 31, 2024
November 07, 2023 at 01:00 am EST
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Nippon Shokubai Co., Ltd. revised consolidated earnings guidance for the year ending March 31, 2024. For the year ending March 31, 2024, the company expects revenue of JPY 390,000 million, operating profit of JPY 15,500 million and profit attributable to owners of parent of JPY 10,500 million or JPY 268.91 per basic share.
NIPPON SHOKUBAI CO., LTD. is engaged in the manufacture and sale of chemicals. The Company has three business segments. The Basic Chemical segment manufactures and sells acrylic acid, acrylic acid ester, ethylene oxide, ethylene glycol, ethanolamine, and glycol ethers. The Functional Chemical segment is involved in the manufacture and sale of water-absorbing resins, medical intermediates, polymers for concrete admixtures, electronic information materials, iodine, maleic anhydrides, adhesives, resins for coating materials, resin molding products and processed adhesive products. The Environmental and Catalytic segment manufactures and sells automobile catalysts, nitrogen oxide (NOx) removal catalysts, process catalysts and others.