Nihon Seiko Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Full Year Ending March 31, 2018; Provides Dividend Guidance for the Full Year Ending March 31, 2018
February 01, 2018
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Nihon Seiko Co., Ltd. announced consolidated earnings results for the nine months ended December 31, 2017. For the period, the company reported Net Sales were ¥10,928 million against ¥8,318 million a year ago. Operating income was ¥1,184 million against ¥677 million a year ago. Ordinary income was ¥1,168 million against ¥664 million a year ago. Profit attributable to owners of parent was ¥827 million against ¥455 million a year ago. Earnings per share was ¥339.1 against ¥186.29 a year ago. Profit before income taxes of 1,194,320,000 against 666,225,000 a year ago.
Provides earnings guidance for the full year ending March 31, 2018. For the full year, the company forecast net sales of ¥14,000 million. Operating income of ¥1,330 million. Ordinary income of ¥1,310 million. Profit attributable to owners of parent of ¥920 million. Earnings per share of ¥376.82.
The company forecast dividend for the full year ending March 31, 2018. The company forecast dividend of 37.50 against ¥5.00 a year ago.
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 Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Full Year Ending March 31, 2018; Provides Dividend Guidance for the Full Year Ending March 31, 2018