Nippon Yakin Kogyo Co., Ltd. Announces Consolidated and Non- Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated and Non- Consolidated Earnings Guidance for the First Half and Full Year of Fiscal 2018; Announces Dividend for the Year Ended March 31, 2017, Payable on June 29, 2017; Provides Dividend Guidance for the Second Quarter and Year End of Fiscal 2018
May 09, 2017 at 02:00 am EDT
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Nippon Flour Mills Co. Ltd. announced consolidated and non- consolidated earnings results for the year ended March 31, 2017. For the year on consolidated basis, the company's net sales were ¥112,962 million compared with ¥121,044 million a year ago. Operating income was ¥4,352 million compared with ¥1,892 million a year ago. Ordinary income was ¥2,849 million compared with ¥524 million a year ago. Profit attributable to owners of parent was ¥2,349 million compared with ¥821 million a year ago. Basic earnings per share were ¥15.19 compared with ¥5.31 a year ago. Return on equity was 6.6% compared with 2.4% a year ago. Cash flows from operating activities was ¥8,361 million compared with ¥6,770 million a year ago.
For the year on non- consolidated basis, the company's net sales were ¥88,355 million compared with ¥95,890 million a year ago. Operating income was ¥2,329 million compared with ¥695 million a year ago. Ordinary income was ¥1,552 million compared with ¥101 million a year ago. Profit was ¥1,469 million compared with ¥845 million a year ago. Basic earnings per share were ¥9.49 compared with ¥5.46 a year ago.
For the first half of fiscal 2018 on consolidated basis the company forecasts net sales of ¥61,000 million, operating income of ¥3,200 million, ordinary income of ¥2,600 million and profit attributable to owners of parent of ¥2,100 million. Basic earnings per share were ¥13.58.
For the full year of fiscal 2018 on consolidated basis, the company forecasts net sales of ¥124,000 million, operating income of ¥5,700 million, ordinary income of ¥4,500 million and profit attributable to owners of parent of ¥3,600 million. Basic earnings per share were ¥23.28.
For the first half of fiscal 2018 on non- consolidated basis company forecasts net sales of ¥51,000 million, ordinary income of ¥2,100 million and profit of ¥1,800 million. Basic earnings per share were ¥11.64.
For the full year of fiscal 2018 on non- consolidated basis company forecasts net sales of ¥104,000 million, ordinary income of ¥3,400 million and profit of ¥2,900 million. Basic earnings per share were ¥18.75.
The company announced dividend for the year ended March 31, 2017 of ¥2.50 per share payable on June 29, 2017 compared to ¥1.50 per share a year ago.
The company provides dividend guidance for the second quarter of fiscal 2018 of ¥2.50 per share.
The company provides dividend guidance for the year end of fiscal 2018 of ¥2.50 per share compared to ¥2.50 per share a year ago.
Nippon Yakin Kogyo Co., Ltd. is a company engaged in the production and sale of stainless steel plates and related processed products. The Company's main products include sheets and forged products made of stainless steel, heat-resistant steel and nickel-alloy steel, as well as stainless construction materials, stainless steel pipes and other processed products. The Company mainly provides its products in Japan, China and other markets.
Nippon Yakin Kogyo Co., Ltd. Announces Consolidated and Non- Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated and Non- Consolidated Earnings Guidance for the First Half and Full Year of Fiscal 2018; Announces Dividend for the Year Ended March 31, 2017, Payable on June 29, 2017; Provides Dividend Guidance for the Second Quarter and Year End of Fiscal 2018