Musashi Seimitsu Industry Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, net sales were JPY 37,417 million against JPY 40,578 million a year ago. Operating income was JPY 2,325 million against JPY 3,205 million a year ago. Ordinary income was JPY 592 million against JPY 2,752 million a year ago. Profit attributable to owners of parent was JPY 525 million against JPY 1,449 million a year ago.
Diluted earnings per share were JPY 15.37 against JPY 42.47 a year ago. Profit before income taxes was JPY 602 million against JPY 2,760 million a year ago.


For the six months ending September 30, 2016, the company expects to report net sales of JPY 73,800 million, operating income of JPY 4,800 million, ordinary income of JPY 2,500 million and profit attributable to owners of parent of JPY 1,600 million or JPY 51.29 per share.

For the fiscal year ending March 31, 2017, the company expects to report net sales of JPY 175,000 million, operating income of JPY 11,000 million, ordinary income of JPY 8,300 million and profit attributable to owners of parent of JPY 5,300 million or JPY 169.90 per share.

The company provided dividend guidance for the second quarter and year ending March 31, 2017. For the second quarter of fiscal 2017, the company expects to pay a dividend of JPY 26.00 per share against JPY 25.00 per share paid a year ago.

For the year ending March 31, 2017, the company expects to pay a dividend of JPY 26.00 per share against JPY 25.00 per share paid a year ago.