Godo Steel, Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2017; Announces Dividend for the Second Quarter Ended September 30, 2017, Payable December 1, 2017 and Provides Dividend Guidance for the Year Ending March 31, 2018; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018
November 31, 2017
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Godo Steel, Ltd. announced consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported, net sales of JPY 59,085 million compared to JPY 47,138 million a year ago. Operating profit was JPY 1,072 million compared to JPY 1,312 million a year ago. Ordinary profit was JPY 1,327 million compared to JPY 1,603 million a year ago. Profit attributable to owners of parent was JPY 1,313 million or JPY 89.76 per basic share compared to JPY 1,196 million or JPY 78.51 per basic share a year ago. Profit before income tax was JPY 1,371 million compared to JPY 1,440 million a year ago.
The company announced dividend of JPY 15.00 per share for the second quarter ended September 30, 2017 compared to JPY 2.00 per share paid in last year. Scheduled date of commencing dividend payment date is December 1, 2017. The company has conducted a share consolidation at the ratio of 10 shares to 1 share effective October 1, 2016.
The company provided dividend guidance of JPY 65.00 per share for the year ending March 31, 2018 compared to JPY 20.00 per share paid in last year.
The company provided consolidated earnings guidance for the year ending March 31, 2018. For the year, the company expects net sales of JPY 125,000 million, operating profit of JPY 2,500 million, ordinary profit of JPY 3,000 million and profit attributable to owners of parent of JPY 5,800 million or JPY 396.41 per basic share.
Godo Steel, Ltd. is a Japan-based company mainly engaged in the steel business and agricultural materials business. The Company operates in two business segments. The Steel segment is mainly engaged in the production and sale of wire rods, section steels, steel bars, secondary processed steel products and other steel products. The Agricultural Materials segment is mainly engaged in the manufacture and sale of organic fertilizers and chemical fertilizers.
Godo Steel, Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2017; Announces Dividend for the Second Quarter Ended September 30, 2017, Payable December 1, 2017 and Provides Dividend Guidance for the Year Ending March 31, 2018; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018