Nichidai Corporation Reports Consolidated Earnings Results for the Year Ended March 31, 2014; Declares Ordinary and Special Dividend for the Year Ended March 31, 2014, Payable on June 25, 2014; Provides Interim and Year-End Dividend Guidance for the Full Year Ending March 31, 2015; Provides Consolidated Earnings Guidance for the Period Ending September 30, 2014 and Year Ending March 31, 2015
May 30, 2014
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Nichidai Corporation reported consolidated earnings results for the year ended March 31, 2014. For the year, the company reported net sales of JPY 14,272 million, operating income of JPY 1,306 million, and net income of JPY 809 million or JPY 89 per share as compared to net sales of JPY 13,154 million, operating income of JPY 893 million, and net income of JPY 561 million or JPY 62 per share for the same period a year ago. Return on equity was 10.3% compared to 7.8% reported a year ago. Cash flow from operating activities was JPY 2,366 million compared to JPY 1,608 million reported a year ago. Ordinary income was JPY 1,332 million against JPY 1,030 million last year.
The company provided consolidated earnings guidance for the period ending September 30, 2014. For the quarter, the company expects net sales of JPY 6,950 million, operating income of JPY 520 million, ordinary income of JPY 500 million and net income of JPY 340 million or JPY 37 per share.
The company provided consolidated earnings guidance for the year ending March 31, 2015. For the year the company expects net sales of JPY 14,500 million, operating income of JPY 1,140 million, ordinary income of JPY 1,100 million and net income of JPY 710 million or JPY 78 per share.
The company announced year-end dividend of JPY 10.00 per share for the year ended March 31, 2014, payable on June 25, 2014. Total ordinary dividend is JPY 16 per share and bonus dividend is JPY 2 per share.
The company forecasts interim dividend of JPY 8 per share and year-end dividend of JPY 8 per share for the year ending March 31, 2015. Total dividend is forecasted to be JPY 16 per share.
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 Reports Consolidated Earnings Results for the Year Ended March 31, 2014; Declares Ordinary and Special Dividend for the Year Ended March 31, 2014, Payable on June 25, 2014; Provides Interim and Year-End Dividend Guidance for the Full Year Ending March 31, 2015; Provides Consolidated Earnings Guidance for the Period Ending September 30, 2014 and Year Ending March 31, 2015
NICHIDAI CORPORATION 