Nichiha Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 2016; Provides Earnings Forecast for the Six Months and Full Year of Fiscal 2017; Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal 2017
July 28, 2016 at 10:30 am EDT
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Nichiha Corporation reported consolidated earnings results for the first quarter ended June 2016. For the quarter, the company's net sales were JPY 27,550 million compared to JPY 25,627 million a year ago. Operating income was JPY 2,445 million compared to JPY 1,254 million a year ago. Ordinary income was JPY 2,121 million compared to JPY 1,327 million a year ago. Profit attributable to owners of parent was JPY 1,304 million compared to JPY 936 million a year ago. Diluted net income per share was JPY 35.24 compared to JPY 25.30 a year ago.
The company provided earnings forecast for the six months and full year of fiscal 2017. For the six months ending September 2016, the company expects net sales of JPY 55,900 million, operating income of JPY 4,200 million, ordinary income of JPY 4,200 million and profit attributable to owners of parent of JPY 2,700 million or JPY 73.06 per share.
For the full year ending March 31, 2016, the company expects net sales of JPY 115,000 million, operating income of JPY 9,200 million, ordinary income of JPY 9,100 million and profit attributable to owners of parent of JPY 5,800 million or JPY 156.93 per share.
For the second quarter of fiscal 2017, the company plans to pay JPY 16.00 per share against JPY 15.00 a year ago.
For the year ending March 2017, the company plans to pay JPY 16.00 per share against JPY 15.00 a year ago.
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 Reports Consolidated Earnings Results for the First Quarter Ended June 2016; Provides Earnings Forecast for the Six Months and Full Year of Fiscal 2017; Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal 2017