Japanese industrial gases company Nippon Sanso Holdings Group (NSHD), formerly known as TNSC, has reported consolidated financial results for the first three quarters of fiscal year ending (FYE) March 31st, 2022 (based on IFRS).
The first three quarters (1st 3Q) of FYE2022 saw the company’s revenue (stated in billions YEN) stand at 691.5 ($6bn) a 16.8% YoY (year-on-year) change on FYE2021’s figure of 592.2 ($5.1bn).
Core operating income was reported at 76.3 ($664m), a 26.2% YoY change on FYE2021’s figure of 60.5 ($526.5m).
Business performance by segment for FYE2022
Japan revenue was 266.7 ($2.3bn) compared to 244.6 ($2.1bn) in FYE2021, an increase of 22.1 ($192m) or 9%. This could be due to an increase in selling prices linked to purchase prices for bulk (LP gas), in addition to specialty gases seeing increased shipment volume electronics market.
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