JSP Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the First Half and Full Year Ending March 31, 2020
July 29, 2019
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JSP Corporation announced consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company's reported net sales were JPY 27,731 million compared to JPY 28,081 million for the same period a year ago. Operating profit was JPY 985 million compared to JPY 1,297 million for the same period a year ago. Profit attributable to owners of parent was JPY 814 million compared to JPY 1,102 million for the same period a year ago. Net income per share was JPY 27.33 compared to JPY 36.98 for the same period a year ago.
For the first half, the company expects net sales to be JPY 59,000 million, operating profit to be JPY 3,500 million, profit attributable to owners of parent to be JPY 2,760 million and net income per share to be JPY 92.59.
For the first half Ending March 31, 2020, the company expects net sales to be JPY 119,400 million, operating profit to be JPY 7,200 million, profit attributable to owners of parent to be JPY 5,430 million and net income per share to be JPY 182.16.
JSP Corp is a Japan-based company mainly engaged in the manufacture and sale of plastic products with enhanced functionality and economic efficiency, mainly using foaming technology. The Company operates business through two business segments. The Extrusion segment is engaged in the manufacture and sale of polystyrene, polyethylene, polypropylene sheets, boards and others, using extrusion foam technology as its core. The Beads segment is engaged in the manufacture and sale of foamed polypropylene, foamed polyethylene, and foamed polystyrene products based on bead foaming technology. The Company also operates businesses related to the sale of general packaging materials.
JSP Corporation Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the First Half and Full Year Ending March 31, 2020