Japan Pure Chemical Co., Ltd. Announces Earnings Results for the Nine Months Ended December 31, 2016; Provides Dividend and Earnings Guidance for the Full Year of Fiscal 2017
January 25, 2017
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Japan Pure Chemical Co., Ltd. announced earnings results for the nine months ended December 31, 2016. For the period, the company reported sales of JPY 5,909 million compared with JPY 6,658 million for the same period a year ago. Operating income was JPY 626 million compared with JPY 770 million for the same period a year ago. Ordinary income was JPY 729 million compared with JPY 861 million for the same period a year ago. Net income was JPY 526 million or JPY 90.67 per diluted share compared with JPY 591 million or JPY 100.80 per diluted share for the same period a year ago. Income before income taxes was JPY 737,109,000 compared with JPY 862,228,000 for the same period a year ago.
The company provided dividend guidance for the full year of fiscal 2017. The company plans to pay a final dividend of JPY 40.00 per share for the full year of fiscal 2017.
The company provided earnings guidance for the full year of 2017. For the full year, the company expects to report sales of JPY 8,200 million, operating income of JPY 860 million, ordinary income of JPY 960 million and net income of JPY 690 million or JPY 120.62 per basic share.
JAPAN PURE CHEMICAL CO., LTD. is principally engaged in the development, manufacture and sale of precious metals plating chemicals, which are mainly used in the connections of print circuit boards, connectors and lead frames for electronic components. The Company is involved primarily in functional plating, focused on the three metals of gold, silver, and palladium. Gold is used for printed circuit board and semiconductor mounting substrate applications, while gold and palladium are used for connectors. The Company distributes the products in domestic market and to overseas markets.
Japan Pure Chemical Co., Ltd. Announces Earnings Results for the Nine Months Ended December 31, 2016; Provides Dividend and Earnings Guidance for the Full Year of Fiscal 2017