Aug 02, 2019 / NTS GMT
Junichi Miyazaki - Nissan Chemical Corporation - CFO, Head of Finance & Accounting Dept., Senior EVP - Corporate Strategy & Coordination and Director
I am Miyazaki. Thank you for joining our investors meeting. Please turn to Page 2. Page 2 shows first quarter results. Sales were JPY 48.7 billion; operating profit, JPY 9.3 billion; ordinary income, JPY 10 billion; and net income was JPY 7.8 billion. As shown at the bottom, operating profit in the previous year was JPY 10.7 billion, and it went down to JPY 9.3 billion, down by JPY 1.4 billion year-on-year. However, compared with the previously announced target of JPY 8.7 billion, operating profit was above by JPY 0.6 billion.
Net income was JPY 7.8 billion in the first quarter of this year, down JPY 1 billion year-on-year. But here, also compared with the previously announced target of JPY 7.2 billion, net income was above by JPY 0.6 billion. This is due to the gain on sales of investment securities of JPY 0.9 billion as a part of extraordinary income through the sales of 8 listed company stocks.
Now please turn to Page 3 and 4.
Q1 2020 Nissan Chemical Corp Earnings Call Transcript
Feb 14, 2024
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