gasworld Business Intelligence provides you with the latest analysis of Taiyo Nippon Sanso’s Q4 2016 earnings report.
Headlines
- Taiyo Nippon Sanso Corporation (TNSC) adopted the IFRS approach for first time from Q1 FY2016/7, with indications of the impact of restatement on FY2015/6. Revised historic data has been used where available.
- Total reported sales in Q4 were again reported to be down year-year (YoY) at ¥147bn ($1.35Bn) –although a decline of 0.5% was an improvement on the previous two quarters. Excluding currency, corporate sales were broadly similar to the previous year.
- First full quarter of consolidation of the US assets divested by Air Liquide as part of its acquisition of Airgas.
- Total operating income was up 6.5% at ¥15bn ($138m) and similar to the trend rate of profit recovery of the last two years.
Corporate Performance
- Total Corporate Sales
- Total Operating Income
,Total Corporate Sales,Total Operating Income
2011 Q1,5%,15%
2011 Q2,-1%,-18%
2011 Q3,-1%,-7%
2011 Q4,-4%,-20%
2012 Q1,0%,-5%
2012 Q2,-3%,-19%
2012 Q3,-2%,-22%
2012 Q4,1%,-5%
2013 Q1,-3%,-31%
2013 Q2,10%,19%
2013 Q3,9%,10%
2013 Q4,14%,21%
2014 Q1,14%,59%
2014 Q2,7%,15%
2014 Q3,8%,13%
2014 Q4,5%,22%
2015 Q1,7%,0%
2015 Q2,8%,17%
2015 Q3,5%,14%
2015 Q4,6%,26%
2016 Q1,4%,2%
2016 Q2,-5%,-7%
2016 Q3,-6%,22%
2016 Q4,0%,6%
2011 Q1,5%,15%
2011 Q2,-1%,-18%
2011 Q3,-1%,-7%
2011 Q4,-4%,-20%
2012 Q1,0%,-5%
2012 Q2,-3%,-19%
2012 Q3,-2%,-22%
2012 Q4,1%,-5%
2013 Q1,-3%,-31%
2013 Q2,10%,19%
2013 Q3,9%,10%
2013 Q4,14%,21%
2014 Q1,14%,59%
2014 Q2,7%,15%
2014 Q3,8%,13%
2014 Q4,5%,22%
2015 Q1,7%,0%
2015 Q2,8%,17%
2015 Q3,5%,14%
2015 Q4,6%,26%
2016 Q1,4%,2%
2016 Q2,-5%,-7%
2016 Q3,-6%,22%
2016 Q4,0%,6%
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