Nitto Kogyo Corporation Announces Interim Dividend for the Second Quarter Ended September 30, 2018, Payable on November 29, 2018; Provides Dividend Guidance for the Year Ending March 31, 2019; Announces Consolidated Earnings Results for the Second Quarter Ended September 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019
October 31, 2018 at 02:20 am EDT
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Nitto Kogyo Corporation announced the dividend for the second quarter ended September 30, 2018. For the quarter, the company announced the interim dividend of JPY 20.00 per share at the end of the second quarter compared to JPY 20.00 per share a year ago.
For the year ending March 31, 2019, the company provided the dividend guidance of JPY 20.00 per share compared to JPY 20.00 per share for the same period a year ago.
The company announced consolidated earnings results for the second quarter ended September 2018. For the quarter, the company reported net sales of JPY 51,742 million compared to JPY 49,433 million a year ago. Operating profit was JPY 2,030 million compared to JPY 1,907 million a year ago. Profit attributable to owners of parent was JPY 1,181 million or JPY 29.20 per basic share compared to JPY 974 million or JPY 24.09 per basic share a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2019. For the year, the company expects net sale of JPY 112,000 million, operating profit of JPY 7,000 million, profit attributable to owners of parent of JPY 4,200 million and basic earnings per share of JPY 103.80.
NITTO KOGYO CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of switchboard-related products, as well as the purchase and sale of information and communication equipment. The Company operates in three business segments. The Switchboard-related segment manufactures and sells switchboards, cabinets, breakers, switches and parts, among others. The Information and Communication related Distribution segment purchases and sells information communication equipment and other materials. The Works and Services segment is engaged in the construction of electrical equipment and network systems, and the provision of maintenance service.
Nitto Kogyo Corporation Announces Interim Dividend for the Second Quarter Ended September 30, 2018, Payable on November 29, 2018; Provides Dividend Guidance for the Year Ending March 31, 2019; Announces Consolidated Earnings Results for the Second Quarter Ended September 2018; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019
NITTO KOGYO CORPORATION 
