Shimano Inc. reported consolidated and non consolidated earnings results for the year ended December 31, 2016. For the year, on consolidated basis, the company reported net sales of ¥322,998 million, operating income of ¥64,546 million, ordinary income of ¥70,002 million, net income attributable to owners of parent of ¥50,964 million, or net income per basic share of ¥549.76 compared with net sales of ¥378,645 million, operating income of ¥85,053 million, ordinary income of ¥101,110 million, net income of ¥76,190 million, or net income per basic share of ¥821.87 for the same period last year. Return on shareholders' equity was 13.4% against 21.7% a year ago. Income before income taxes was ¥68,402 million against ¥100,399 million a year ago. Cash flows from operating activities were ¥64,034 million against ¥81,309 million a year ago. Acquisition of property, plant and equipment was ¥29,381 million against ¥26,905 million a year ago. Acquisition of intangible assets was ¥2,633 million against ¥2,276 million a year ago.

For the year, on non-consolidated basis, the company reported net sales of ¥181,215 million, operating income of ¥26,849 million, ordinary income of ¥31,216 million, net income of ¥22,224 million compared with net sales of ¥292,477 million, operating income of ¥30,024 million, ordinary income of ¥34,522 million, net income of ¥23,813 million for the same period last year. Income before income taxes was ¥30,727 million against ¥34,210 million for the same period a year ago.

The company provided dividend guidance for the second quarter and year ending December 31, 2017. The company planned to pay a dividend of ¥77.50 per share for the year ending December 31, 2017 and ¥77.50 per share for the second quarter of fiscal 2017. The second quarter dividend will be paid on March 29, 2017.

The company provided earnings guidance for first half and full year ending December 31, 2017. For the first half ending June 30, 2017, the company expects net sales to be ¥162,600 million, operating income of ¥30,400 million, ordinary income of ¥30,400 million, net income attributable to owners of parent of ¥21,500 million, or net income per share basic of ¥231.92.

For the year ending December 31, 2017, the company expects net sales to be ¥330,000 million, operating income of ¥66,000 million, ordinary income of ¥66,000 million, net income attributable to owners of parent of ¥46,500 million, or net income per share basic of ¥501.60.