Paltac Corporation announced year end dividend of ¥26 per share for the fiscal year ended March 31, 2016 against ¥23 per share paid last year. The dividend is payable on June 6, 2016.

The company provided dividend guidance for the second quarter of fiscal 2017 and fiscal year ending March 31, 2017. For the second quarter, the company expects to pay a dividend of ¥27 per share against ¥24 per share paid last year.

For the year end, the company expects to pay a dividend of ¥27 per share against ¥26 per share paid a year ago.

The company reported non-consolidated earnings results for the year ended March 31, 2016. For the period, the company reported net sales of ¥860,350 million, operating income of ¥16,101 million, ordinary income of ¥18,556 million and net income of ¥11,929 million or ¥187.73 per share compared to net sales of ¥794,221 million, operating income of ¥14,177 million, ordinary income of ¥16,322 million and net income of ¥10,267 million or ¥161.58 per share reported in the same period last year. Income before income taxes was ¥17,355 million against ¥15,993 million reported last year. Net cash provided by operating activities was ¥5,226 million against ¥23,204 million reported last year. Purchases of property, plant and equipment was ¥15,556 million against ¥642 million reported last year. Purchases of intangible assets were ¥51 million against ¥90 million reported last year. Earnings on equity was 8.0% against 7.4% a year ago.

The company provided earnings guidance for the first six months and full year of fiscal 2017. For the first six months, the company expects net sales of ¥460,000 million, operating income of ¥9,200 million, ordinary income of ¥10,200 million and net income of ¥6,900 million or ¥108.58 per share.

For fiscal year, the company expects net sales of ¥900,000 million, operating income of ¥17,500 million, ordinary income of ¥19,500 million and net income of ¥13,200 million or ¥207.72 per share.