Paltac Corporation Announces Financial Results for the Nine Months Ended December 31, 2016; Provides Financial and Dividend Guidance for the Year Ending Mar. 31, 2017
Paltac Corporation announced financial results for the nine months ended December 31, 2016. For the nine months, the company reported operating income of ¥15,870 million and profit of ¥11,995 million or ¥188.77 per share on net sales of ¥708,324 million against operating income of ¥14,279 million and profit of ¥9,381 million or ¥147.63 per share on net sales of ¥652,163 million for the same period of last year. Income before income taxes was ¥17,522 million against ¥14,158 million for the same period of last year. Net cash provided by operating activities was ¥8,718 million against ¥5,058 million for the same period of last year. Purchase of property, plant and equipment was ¥5,805 million against ¥15,322 million for the same period of last year. Purchase of intangible assets was ¥92 million against ¥66 million for the same period of last year.
For the year ending Mar. 31, 2017, the company expects operating income of ¥19,000 million and profit of ¥14,500 million or ¥228.18 per share on net sales of ¥915,000 million.
For the year ending Mar. 31, 2017, the company expects to pay an year end dividend of ¥28 per share.