Nitto Kogyo Corporation Reports Consolidated and Nonconsolidated Earnings Results for the Year Ended March 31, 2016; Provides Consolidated and Nonconsolidated Earnings Guidance for the Half Year Ending September 2016 and Fiscal Year Ending March 31, 2017
May 13, 2016 at 10:20 am EDT
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Nitto Kogyo Corporation reported consolidated and nonconsolidated earnings results for the year ended March 31, 2016. For the year, on consolidated basis, the company reported net sales of JPY 108,463 million against JPY 109,837 million a year ago. Operating income was JPY 11,264 million against JPY 13,851 million a year ago. Ordinary income was JPY 10,937 million against JPY 14,146 million a year ago. Net income was JPY 7,402 million against JPY 7,390 million a year ago. Basic net income per share was JPY 183.00 against JPY 183.29 a year ago. Net assets per share were JPY 1,955.84 against JPY 1,854.72 a year ago. Cash flows from operating activities was JPY 8,242 million compared to JPY 13,939 million a year ago.
For the year, on nonconsolidated basis, the company reported net sales of JPY 74,304 million against JPY 78,521 million a year ago. Operating income was JPY 9,435 million against JPY 11,878 million a year ago. Ordinary income was JPY 9,599 million against JPY 12,484 million a year ago. Net income was JPY 6,661 million against JPY 6,559 million a year ago. Basic net income per share was JPY 164.69 against JPY 162.67 a year ago. Net assets per share were JPY 1,920.95 against JPY 1,822.94 a year ago.
The company provided consolidated and nonconsolidated earnings guidance for the half year ending September 2016 and fiscal year ending March 31, 2017. For the half year ending September 30, 2016, on consolidated basis, the company expects net sales of JPY 50,800 million, operating income of JPY 3,100 million, ordinary income of JPY 3,100 million, profit attributable to owners of parent of JPY 2,300 million and net basic income per share of JPY 56.87.
On consolidated basis, for and fiscal year ending March 31, 2017, the company expects net sales of JPY 113,000 million, operating income of JPY 9,600 million, ordinary income of JPY 9,500 million, profit attributable to owners of parent of JPY 6,600 million and basic net income per share of JPY 163.18.
For the half year ending September 30, 2016, on non-consolidated basis the company expects net sales of JPY 33,200 million, ordinary income of JPY 3,000 million, profit of JPY 2,200 million and net income per share of JPY 54.39.
On non-consolidated basis, for fiscal year ending March 31, 2017, the company expects net sales of JPY 73,500 million, ordinary income of JPY 8,300 million, net income of JPY 5,700 million and net income per share of JPY 140.93.
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 Reports Consolidated and Nonconsolidated Earnings Results for the Year Ended March 31, 2016; Provides Consolidated and Nonconsolidated Earnings Guidance for the Half Year Ending September 2016 and Fiscal Year Ending March 31, 2017
NITTO KOGYO CORPORATION 
