Nihon Seiko Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the First Half of 2016; Provides Earnings Guidance for the Year Ending March 31, 2017; Provides Dividend for the Full Year of March 31, 2016; Provides Dividend Guidance for the Second Quarter of Fiscal 2017 and Full Year Ending March 31, 2017
May 12, 2016
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Nihon Seiko Co., Ltd. reported unaudited consolidated earnings results for the year ended March 31, 2016. For the year, the company reported net sales of ¥11,797 million, operating income of ¥532 million, ordinary income of ¥505 million and net income of ¥312 million or ¥25.63 per share against net sales of ¥13,167 million, operating income of ¥969 million, ordinary income of ¥973 million and net income of ¥603 million or ¥49.38 per share for the same period a year ago. Return on equity was 6.1% against 12.5% a year ago. Net cash provided by operating activities was ¥1,577 million against ¥602 million a year ago. Purchase of property, plant and equipment was ¥729.25 million against ¥305.678 million a year ago.
For the first half of 2016, the company expects net sales of ¥4,900 million, operating income of ¥240 million, ordinary income of ¥220 million and net income of ¥350 million or ¥12.28 per share.
For the year ending March 31, 2017, the company expects net sales of ¥10,000 million, operating income of ¥540 million, ordinary income of ¥520 million and net income of ¥350 million or ¥28.66 per share.
For the full year ended March 31, 2016, the company announced dividend of ¥5.00 per share against ¥7.00 per share paid a year ago.
For the second quarter of fiscal 2017, the company expects dividend of ¥5.00 per share against same amount declared a year ago.
For the fiscal year ending March 31, 2017, the company expects dividend of ¥5.00 per share against same amount declared 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. Reports Unaudited Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the First Half of 2016; Provides Earnings Guidance for the Year Ending March 31, 2017; Provides Dividend for the Full Year of March 31, 2016; Provides Dividend Guidance for the Second Quarter of Fiscal 2017 and Full Year Ending March 31, 2017