Nihon Seiko Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Six Months and Full Year of Fiscal Year Ending March 31, 2018; Expects Second Quarter Dividend and Year End Dividend for the Fiscal Year Ending March 31, 2018
August 01, 2017
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Nihon Seiko Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2017. For the period, the consolidated company reported net sales of ¥3,675 million, operating income of ¥431 million, ordinary income of ¥427 million, profit attributable to owners of the parent of the company of ¥316 million or net income per share of ¥25.96 compared to net sales of ¥2,705 million, operating income of ¥184 million, ordinary income of ¥152 million, profit attributable to owners of the parent of the company of ¥105 million or net income per share of ¥8.63 for the same period last year. Profit before income taxes was ¥457.08 million against ¥151.951 million a year ago.
The company expects second quarter dividend of ¥5.00 per share and year end dividend of ¥25.00 per share for the fiscal year ending March 31, 2018.
For the six months of fiscal year ending March 31, 2018, the consolidated company expects net sales of ¥6,500 million, operating income of ¥500 million, ordinary income of ¥500 million, profit attributable to owners of the parent of the company of ¥340 million or net income per share of ¥27.84.
For the full year of fiscal year ending March 31, 2018, the consolidated company expects net sales of ¥13,000 million, operating income of ¥1,000 million, ordinary income of ¥1,000 million, profit attributable to owners of the parent of the company of ¥680 million or net income per share of ¥278.44. Excluding the impact of the reverse stock split, earnings per share in the consolidated business forecasts for the fiscal year ending March 31, 2018 is ¥55.69.
NIHON SEIKO CO., LTD. is a company mainly engaged in the manufacture and sale of antimony products and metallic powder products. The Company operates in two business segments. The Antimony segment involves in the manufacture and sale of flame retardant additives for synthetic resin products; antimony trioxide used as polymerization catalysts of polyester; antimony trisulfide used as antifriction materials of brakes, as well as sodium antimonate, among others. The Metallic Powder segment involves in the manufacture and sale of non-ferrous metal fine powder for electronic components, such as copper powder and precious metal powder for conductive paste and iron alloy powder as soft magnetic material for power inductors, as well as powder metallurgy (coarse powder) for the bearings of precision motors, such as bronze powder, brass powder, tin powder for precision motor bearings, among others. The others business includes the leasing of real estate.
Nihon Seiko Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Six Months and Full Year of Fiscal Year Ending March 31, 2018; Expects Second Quarter Dividend and Year End Dividend for the Fiscal Year Ending March 31, 2018