Nippon Sanso Holdings Corporation (NSHD) has posted mixed financial results for the first three quarters of its fiscal year, reflecting the ups and downs of its global operations in the face of ongoing economic challenges.
On the surface, the numbers look strong with consolidated revenue rising 4.6% year-on-year to about ¥971.3bn ($6.5bn), while core operating income jumped 12.1% to roughly ¥139.8bn ($940m). But a closer look reveals a more nuanced picture, with performance varying across different regions and markets.
In Japan, sales of air separation gases took a hit, while CO2 gas sales held steady. On the brighter side, demand for electronic material gases remained strong, and equipment and installation revenues grew thanks to several medium- and large-scale projects. Altogether, Japan brought in around ¥295.7bn ($1.9bn) in revenue, reflecting both industrial gas demand shifts and broader structural changes.
... to continue reading you must be subscribed
