Nitto Kogyo Corporation reported consolidated and non-consolidated earnings results for the year ended March 31, 2017. For the year, on consolidated basis, the company reported net sales of JPY 106,627 million against JPY 108,463 million a year ago. Operating income was JPY 6,598 million against JPY 11,264 million a year ago. Ordinary income was JPY 6,402 million against JPY 10,937 million a year ago. Profit attributable to owners of parent was JPY 4,506 million against JPY 7,402 million a year ago. Basic net income per share was JPY 117.37 against JPY 183.00 a year ago. Net assets per share were JPY 2,030.28 against JPY 1,955.84 a year ago. Cash flows from operating activities was JPY 9,787 million compared to JPY 8,242 million a year ago. Rate of return on equity was 5.6% compared to 9.6% a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 67,406 million against JPY 74,304 million a year ago. Operating income was JPY 4,950 million against JPY 9,435 million a year ago. Ordinary income was JPY 5,147 million against JPY 9,599 million a year ago. Profit was JPY 3,172 million against JPY 6,661 million a year ago. Basic net income per share was JPY 78.40 against JPY 164.69 a year ago. Net assets per share were JPY 1,959.40 against JPY 1,920.95 a year ago.

For the half year ending September 30, 2017, the company expects net sales of JPY 49,300 million, operating income of JPY 2,000 million, ordinary income of JPY 1,900 million, profit attributable to owners of parent of JPY 1,200 million and basics earnings per share of JPY 29.66.

For fiscal year ending March 31, 2018, the company expects net sales of JPY 107,000 million, operating income of JPY 6,400 million, ordinary income of JPY 6,200 million, profit attributable to owners of parent of JPY 3,800 million and net income per share of JPY 93.92.

The company provided non-consolidated earnings guidance for the half year ending September 2017 and fiscal year ending March 31, 2018. For the half year ending September 30, 2017, on non-consolidated basis, the company expects net sales of JPY 31,500 million, operating income of JPY 1,800 million, ordinary income of JPY 2,000 million, profit of JPY 1,500 million and net basic income per share of JPY 37.07.

On non-consolidated basis, for and fiscal year ending March 31, 2018, the company expects net sales of JPY 67,500 million, operating income of JPY 5,000 million, ordinary income of JPY 5,200 million, profit of JPY 3,600 million and basic net income per share of JPY 88.97.

For the year ended March 2017, the company announced year-end dividend of JPY 25.00 per share against JPY 22.00 per share paid a year ago, payable on June 30, 2017.

For the second quarter of fiscal year ending March 2018, the company expects to pay a dividend of JPY 20.00 per share compared to JPY 25.00 per share paid a year ago.

For the fiscal year ending March 2018, the company expects to pay a dividend of JPY 20.00 per share compared to JPY 25.00 per share paid a year ago.