Industrial gas major Nippon Sanso Holdings (NSHD) has forecast stable earnings across the second half of the year, supported by a strong performance in electronics and healthcare, while softer trends persist in steel and chemicals.
NSHD expects demand across its electronics and healthcare businesses to remain strong into the second half of its financial year, which runs to 31 March, offsetting weaker conditions in steel, chemicals and transportation.
Speaking during its second-quarter earnings call, President Toshihiko Hamada said Japan’s first-half results were supported by equipment and installation projects in the electronics sector, though activity was expected to slow.
“The capacity utilisation rate is increasing and gas is being used, which means Japan will continue to be resilient,” he said. Hamada added that cost management and pricing strategies would continue to offset fluctuations in volume across Japan’s core gas businesses.
… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld
You’ve reached your weekly limit to access free articles!
Want to keep reading?
Please register for free and create a profile to gain access to this full article and gasworld’s daily news.
For access to more content including our monthly digital magazines, subscriber-only features or columns and all our other gasworld archives, please consider subscribing.
Alternatively, you can continue reading more articles as a guest on Thursday, 6th November at 3:28PM
