Nichidai Corporation Announces Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Period Ending Sept. 30, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018; Announces Dividend for the Year Ended March 31, 2017; Provides Dividend Forecast for Full Year Ending March 31, 2018
May 14, 2017
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Nichidai Corporation announced consolidated and company earnings results for the year ended March 31, 2017. For the full year, the company reported consolidated Net Sales were ¥14,147 million against net sales of ¥14,264 million a year ago. Operating profit was ¥642 million against operating profit of ¥828 million a year ago. Ordinary profit was ¥643 million against ordinary profit of ¥766 million a year ago. Profit attributable to owners of parent was ¥424 million against profit attributable to owners of parent of ¥485 million a year ago. Earnings per share was ¥46 against earnings per share of ¥53 a year ago. Return on equity of 4.5% against return on equity of 5.2% a year ago. Cash flows from operating activities was ¥1,801 million against cash flows from operating activities of ¥1,074 million a year ago.
For the full year, the company reported Net Sales were ¥8,770 million against net sales of ¥8,726 million a year ago. Operating income was ¥139 million against operating income of ¥122 million a year ago. Ordinary profit was ¥273 million against ordinary profit of ¥194 million a year ago. Profit attributable to owners of parent was ¥206 million against profit attributable to owners of parent of ¥103 million a year ago. Earnings per share was ¥22 against earnings per share of ¥11 a year ago.
The company provides earnings consolidated guidance for the period ending Sept. 30, 2017. The company forecast net sales of ¥7,200 million, operating income of ¥300 million, ordinary income of ¥290 million, net income of ¥170 million, and earnings per share of ¥18.00.
The company provides earnings guidance for the year ending March 31, 2018. The company forecast net sales of ¥14,700 million, operating income of ¥740 million, ordinary income of ¥720 million, profit attributable to owners of parent of ¥440 million, and earnings per share of ¥48.
The company announced dividend for the year ended March 31, 2017. For the fiscal year, the company announced dividend of ¥10 against ¥10 in the same period a year ago.
The company provides dividend forecast for full year ending March 31, 2018. For the fiscal year, the company forecast dividend of ¥8.
NICHIDAI CORPORATION is a Japan-based company mainly engaged in the development, manufacturing and sales of precision-forged dies and precision-forged products, etc. The Company operates in three segments. The Net-shape segment is centered on auto parts manufacturers and engaged in manufacturing and sales of auto parts such as precision-forged dies for cold forging, scroll compressor parts for air conditioners, various gears, etc. The Assembly segment is involved in the manufacturing and sales of parts for turbochargers. The Filter segment supplies sintered metal filters that are used in the petrochemical, pharmaceutical, food, nuclear power and other fields.
Nichidai Corporation Announces Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Period Ending Sept. 30, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018; Announces Dividend for the Year Ended March 31, 2017; Provides Dividend Forecast for Full Year Ending March 31, 2018
NICHIDAI CORPORATION 