Nichiha Corporation Announces Year End Dividend for the Fiscal Year Ended March 31, 2016 Payable on June 24, 2016; Expects to Pay Second Quarter and Year End Dividends for the Fiscal Year Ending March 31, 2017; Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Consolidated Earnings Guidance for Six Months Ending Sep. 2016 and Year Ending March 2017
May 11, 2016 at 10:00 am EDT
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Nichiha Corporation announced year end dividend of ¥15.00 per share for the fiscal year ended March 31, 2016 against ¥14.50 per share a year ago. The company will pay dividend on June 24, 2016.
The company expects to pay dividend for the second quarter of ¥16.00 per share and for the year end of ¥16.00 per share for the fiscal year ending March 31, 2017.
The company reported consolidated and non-consolidated earnings results for the year ended March 31, 2016. For the year, on consolidated basis, the company reported net sales of ¥111,324 million compared with ¥106,730 million for the same period last year. Operating income ¥8,349 million compared with ¥6,746 million for the same period last year. Profit attributable to owners of parent was ¥5,373 million or ¥145.18 per diluted share compared with ¥4,878 million or ¥131.86 per diluted share for the same period last year. Cash flows from operating activities were ¥10,827 million compared to ¥8,571 million a year ago. Ordinary income was ¥8,212 million compared with ¥7,421 million a year ago.
For the year, on non-consolidated basis, the company reported net sales of ¥94,205 million compared with ¥91,807 million for the same period last year. Operating income ¥4,118 million compared with ¥3,417 million for the same period last year. Profit was ¥3,587 million or ¥96.92 per diluted share compared with ¥3,348 million or ¥90.51 per diluted share for the same period last year. Ordinary income was ¥4,558 million compared with ¥4,816 million a year ago.
The company provided consolidated earnings guidance for six months ending Sep. 2016 and year ending March 2017. For the six months ending Sep. 2016, the company expected net sales of ¥55,900 million, operating income of ¥4,200 million, ordinary income of ¥4,200 million and profit attributable to owners of parent of ¥2,700 million or ¥73.06 per share.
For the year ending March 2017, the company expected net sales of ¥115,000 million, operating income of ¥9,200 million, ordinary income of ¥9,100 million and profit attributable to owners of parent of ¥5,800 million or ¥156.93 per share.
Nichiha Corp is a company mainly engaged in the manufacture and sale of armoring materials. The armoring material business is engaged in the manufacture and sale of armoring materials and external wall materials for ceramic industry, as well as metal armoring materials and templates. The fiber board business is engaged in the manufacture and sale of fiber boards. The construction business is engaged in the operation of exterior finish works using the Company's products. The FP business is engaged in the manufacture and sale of urethane insulation panels, custom home sales and home remodeling. The others business is engaged in the operation of maintenance business, cleaning business and industrial waste business related to the product manufacturing.
Nichiha Corporation Announces Year End Dividend for the Fiscal Year Ended March 31, 2016 Payable on June 24, 2016; Expects to Pay Second Quarter and Year End Dividends for the Fiscal Year Ending March 31, 2017; Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Consolidated Earnings Guidance for Six Months Ending Sep. 2016 and Year Ending March 2017
NICHIHA CORPORATION 
