Honshu Chemical Industry Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales were JPY 4,135 million against JPY 5,736 million a year ago. Operating income was JPY 504 million against JPY 954 million a year ago. Profit attributable to owners of parent was JPY 232 million or JPY 20.24 basic per share against JPY 520 million or JPY 45.37 basic per share a year ago. Profit before income taxes was JPY 490 million against JPY 949 million a year ago.

The company provided dividend guidance for the second quarter and full year of fiscal 2017. For the quarter, the company expects a dividend of JPY 10.00 per share against JPY 10.00 per share a year ago.

For the year, the company expects a dividend of JPY 16.00 per share against JPY 16.00 per share a year ago.

The company provided consolidated earnings guidance for the full year ending March 31, 2017. For the year, the company expects net sales were JPY 20,300 million, operating income was JPY 2,700 million and profit attributable to owners of parent was JPY 1,350 million or JPY 117.63 per share.