NOK Corporation Reports Consolidated and Non Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the Six Months Ending September 30, 2016 and Year Ending March 31, 2017
May 12, 2016 at 11:00 am EDT
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NOK Corporation reported consolidated and non consolidated earnings results for the year ended March 31, 2016. For the period, on consolidated basis, the company's net sales were ¥746,747 million against ¥693,689 million a year ago. Operating income was ¥48,258 million against ¥67,085 million a year ago. Ordinary income was ¥53,727 million against ¥80,776 million a year ago. Profit attributable to owners of the parent was ¥30,053 million against ¥46,813 million a year ago. Net income basic per share was ¥173.97 against ¥271.21 a year ago. Cash flows from operating activities were ¥88,503 million against ¥80,613 million a year ago. Net assets per share as on March 2016 were ¥2,293.76 against ¥2,440.93 a year ago. Return on equity was 7.4% against 12.4% a year ago.
For the period, on non consolidated basis, the company's net sales were ¥239,329 million against ¥245,546 million a year ago. Operating income was ¥15,243 million against ¥17,345 million a year ago. Ordinary income was ¥25,043 million against ¥22,108 million a year ago. Net income was ¥21,239 million against ¥15,294 million a year ago. Net income per share was ¥122.88 against ¥88.48 a year ago. Net assets per share as on March 2016 were ¥983.23 against ¥986.12 a year ago.
For the six months ending September 2016, the company expects net sales of ¥357,000 million, operating income of ¥18,500 million, ordinary income of ¥22,000 million and profit attributable to owners of the parent of ¥14,000 million or ¥81.04 per share.
For the year ending March 2016, the company expects net sales of ¥710,000 million, operating income of ¥44,000 million, ordinary income of ¥51,000 million and profit attributable to owners of the parent of ¥32,000 million or ¥185.24 per share.
NOK Corp is a company principally involved in the manufacture and sale of sealing materials and flexible circuit boards. The Company operates in four business segments. The Seal segment manufactures and sells seal products mainly for the automobile industry, construction machinery industry, and general industrial machinery industry. The Electronic Component segment manufactures and sells electronic parts and others for the electronic equipment industry. The Roll segment manufactures and sells products for the office machine industry. The Others segment manufactures and sells special lubricants.
NOK Corporation Reports Consolidated and Non Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the Six Months Ending September 30, 2016 and Year Ending March 31, 2017