Arakawa Chemical Industries, Ltd. Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2023
August 02, 2022 at 02:00 am EDT
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Arakawa Chemical Industries, Ltd. provided consolidated earnings guidance for the first half and fiscal year ending March 31, 2023. For the first half, the company expects net sales of JPY 43,000 million, operating profit of JPY 650 million, profit attributable to owners of parent of JPY 200 million and basic earnings per share of JPY 10.08.
For the year, the company expects net sales of JPY 90,000 million, operating profit of JPY 1,600 million, profit attributable to owners of parent of JPY 900 million and basic earnings per share of JPY 45.37.
ARAKAWA CHEMICAL INDUSTRIES, LTD. is a Japan-based company principally engaged in the manufacture and sale of intermediate materials for papermaking chemicals, printing ink resins, adhesive resins and electronic materials. The Company has four business segments. Papermaking Chemicals segmentâs main products include sizing agents, paper strength enhancers and coated paper chemicals. Coating segmentâs main products include printing ink resins, paint resins, synthetic rubber polymerization emulsifiers and photocurable resins. Adhesive segmentâs main products include adhesive resins and ultra-light rosin. Functional Materials segmentâs main products include compounded products for electronic materials, functional fine chemical products, precision abrasives, precision parts cleaners and cleaning equipment. The Company is also involved in non-life insurance and real estate brokerage business.
ARAKAWA CHEMICAL INDUSTRIES, LTD. 
