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.