Nihon Seiko Co., Ltd. announced unaudited consolidated earnings results for the nine months ended December 31, 2015. For the quarter, the company reported net sales of JPY 9,235 million compared to JPY 9,709 million a year ago. Operating income was JPY 507 million compared to JPY 692 million a year ago. Profit attributable to owners of the parent was JPY 321 million or JPY 26.31 per diluted share compared to JPY 450 million or JPY 36.88 per diluted share a year ago. Income before income taxes and minority interests was JPY 494,109 million compared to JPY 711,878 million a year ago.
The company provided dividend guidance for the year ending March 31, 2016. For the period, the company expected dividend of JPY 5 per share compared to JPY 7 per share paid in the same period a year ago.
The company provided earnings guidance for the full year ending March 31, 2016. For the full year ending March 31, 2016, the company expected net sales of JPY 12,700 million, operating income of JPY 660 million and net income attributable to owners of the parent of JPY 400 million or JPY 32.75 per share.