Nihon Seiko Co., Ltd. reported unaudited consolidated earnings results for the first quarter ended June 30, 2016. For the first quarter, the company reported net sales of ¥2,705 million compared to ¥3,352 million a year ago. Operating income was ¥184 million compared to ¥257 million a year ago. Ordinary income was ¥152 million compared to ¥258 million a year ago. Profit attributable to owners of parent was ¥105 million compared to ¥170 million a year ago. Income before income taxes and minority interests was ¥151.6 million against ¥257.8 million a year ago. EPS was ¥8.63 against ¥13.94 a year ago.

The company provided earnings guidance for the first half of fiscal 2017 and full year ending March 31, 2017. For the first half, the company expects to report net sales of ¥4,900 million, operating income of ¥240 million, ordinary income of ¥220 million, profit attributable to owners of parent of ¥150 million and EPS of ¥12.28 per share.

For the full year, the company expects to report net sales of ¥10,000 million, operating income of ¥540 million, ordinary income of ¥520 million, profit attributable to owners of parent of ¥350 million and EPS of ¥28.66 per share.

For the second quarter, the company expected dividend of ¥5 per share compared to ¥5 per share a year ago.

For the fiscal year ending March 31, 2017, the company expected year-end dividend of ¥5 per share compared to ¥5 per share a year ago.