NID Co. Ltd. reported consolidated earnings results for the fiscal year ended March 31, 2016. For the year, the company reported net sales of JPY 17,102 million compared to JPY 16,228 million a year ago. Operating income was JPY 1,544 million compared to JPY 1,415 million a year ago. Ordinary income was JPY 1,717 million compared to JPY 1,558 million a year ago. Profit attributable to owners of the parent was JPY 957 million compared to JPY 791 million a year ago. Net income per share was JPY 252.82 compared to JPY 209.00 a year ago. ROE was 11% compared to 10.2% a year ago. ROA was 12.4% compared to 12.1% a year ago. Consolidated cash flow from operating activities was JPY 559 million compared to JPY 1,062 million a year ago. Profit before income taxes was JPY 1,611.924 million against JPY 1,517.993 million a year ago. Purchase of property, plant and equipment was JPY 45.29 million against JPY 65.713 million a year ago. Purchase of intangible assets was JPY 38.483 million against JPY 42.842 million a year ago.

The company provided consolidated earnings guidance for the second quarter of fiscal 2017 and full fiscal year ending March 31, 2017. For the second quarter, the company expects net sales of JPY 8,300 million, operating income of JPY 610 million, ordinary income of JPY 675 million, net income of JPY 470 million and net income per share of JPY 124.16.

For the full year ending March 31, 2017, the company expects net sales of JPY 17,500 million, operating income of JPY 1,575 million, ordinary income of JPY 1,675 million, net income of JPY 1,150 million and net income per share of JPY 303.80.