Nippon Shokubai Reports Mixed Q1 Results, Optimistic Forecast

Nippon Shokubai Co., Ltd. (JP:4114) has released an update.

Nippon Shokubai Co., Ltd. reported a 7.9% increase in revenue in the first quarter of FY2024 while experiencing a decline in operating profit by 22.8% and a slight increase of 1.2% in profit attributable to owners of the parent. The company’s forecast for FY2024 includes an expected increase in revenue and profits, projecting a 5.9% rise in annual revenue and a 36.3% increase in profit attributable to owners. Despite a stock split conducted at the beginning of April 2024, the company maintained stable earnings per share, and anticipates a dividend of 70 yen per share for the fiscal year.

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