Nissan Chemical Corp (OTCPK:NNCHF)

$ 33 0 (0%) Market Cap: 4.31 Bil Enterprise Value: 4.31 Bil PE Ratio: 17.57 PB Ratio: 2.98 GF Score: 74/100

Q3 2020 Nissan Chemical Corp Earnings Call Transcript

Feb 07, 2020 / 07:15AM GMT

Transcript

Junichi Miyazaki

Nissan Chemical Corporation - CFO, Head of Finance & Accounting Dept., Senior EVP - Corporate Strategy & Coordination and Director

I am Miyazaki of Nissan Chemical Corporation. Thank you for joining us. I'd like to present following the material.

Please turn to Page 3 for the third quarter highlight. As for the third quarter, operating profit was JPY 4.4 billion in the previous year, but it was JPY 3.4 billion this year, down JPY 1 billion year-on-year.

Results by segment are shown on Page 11 and 12. So I'll briefly comment here. As for Chemicals, melamine and TEPIC continued to be weak and sales in environmental-related products were also weak, and operating profit went down significantly.

In Performance Materials, Display Materials, especially photo-alignment IPS sustained its robustness and with a reduced fixed cost, operating profit increased. In agrochemicals, despite serious increase of GRACIA, shipment of Fluralaner decreased as expected, and operating profit was down.

Pharmaceuticals operating profit went down due to LIVALO sales

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