Nichiha Corporation Reports Consolidated and Non-Consolidated Earnings Results for the Fiscal Year Ended of March 31, 2017; Announces Dividend for the Full Year Ended of March 31, 2017, Payable on June 26, 2017; Provides Dividend Guidance for the Second Quarter and Full Year Ending of March 31, 2018
May 10, 2017 at 02:40 am EDT
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Nichiha Corporation reported consolidated and non-consolidated earnings results for the fiscal year ended of March 31, 2017. For the full year, the company reported net sales of JPY 118,215 million compared to JPY 111,324 million a year ago. Operating income was JPY 12,833 million compared to JPY 8,349 million a year ago. Ordinary income was JPY 13,117 million compared to JPY 8,212 million a year ago. Profit attributable to owners of parent was JPY 9,594 million compared to JPY 5,373 million a year ago. Diluted earnings per share were JPY 259.04 compared to JPY 145.18 a year ago. Rate of return on equity was 14.3% compared to 8.8% a year ago. Cash flows from operating activities were JPY 18,411 million compared to JPY 10,827 million a year ago.
For the full year, on non-consolidated basis, the company reported net sales of JPY 99,004 million compared to JPY 94,205 million a year ago. Operating income was JPY 6,230 million compared to JPY 4,118 million a year ago. Ordinary income was JPY 7,163 million compared to JPY 4,558 million a year ago. Profit was JPY 5,024 million compared to JPY 3,587 million a year ago. Diluted earnings per share was JPY 135.65 compared to JPY 96.92 a year ago.
The company announced the dividend for the full year ended of March 31, 2017. For the period, the company announced the dividend of JPY 52.00 per share compared to JPY 30.00 a year ago.
The company provided dividend guidance for the second quarter and full year ending of March 31, 2018. For the second quarter, the company provided dividend guidance of JPY 27.50 per share compared to JPY 21.00 per share a year ago.
For the full year, the company provided dividend guidance of JPY 27.50 per share compared to JPY 31.00 per share a year ago.
The company provided dividend guidance for the six months ending of September 2017 and full year ending of March 2018. For the six months ending of September 2017, the company expects net sales to be of JPY 57,600 million. Operating income expected to be of JPY 6,500 million. Ordinary income expected to be of JPY 6,600 million. Profit attributable to owners of parent expected to be of JPY 4,500 million. Basic earnings per share expected to be of JPY 121.71.
For the full year ending of March 31, 2018, the company expects net sales to be of JPY 119,000 million. Operating income expected to be of JPY 13,800 million. Ordinary income expected to be of JPY 14,000 million. Profit attributable to owners of parent expected to be of JPY 10,000 million. Basic earnings per share expected to be of JPY 270.47.
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 and Non-Consolidated Earnings Results for the Fiscal Year Ended of March 31, 2017; Announces Dividend for the Full Year Ended of March 31, 2017, Payable on June 26, 2017; Provides Dividend Guidance for the Second Quarter and Full Year Ending of March 31, 2018
NICHIHA CORPORATION 
