Nihon Seiko Co., Ltd. Announces Unaudited Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Dividend Guidance for the Year Ending March 31, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2016
February 05, 2016 at 05:20 am EST
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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.
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 Unaudited Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Dividend Guidance for the Year Ending March 31, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2016