Showa Corporation Reports Consolidated Earnings Results for Six Months Ended September 30, 2016; Provides Earnings Outlook for the Year Ending March 31, 2017; Announces Nil Dividend for Second Quarter of 2017; Provides Dividend Outlook for the Year Ending March 31, 2017
For the year ending March 31, 2017, the company expects net sales of ¥245,500 million, operating income of ¥9,500 million, profit before tax of ¥9,600 million and profit attributable to owners of the parent of ¥17,700 million or ¥233.00 per basic share.
For second quarter of 2017, the company announced nil dividend against ¥19.00 per share paid for same period a year ago.
For the year ending March 31, 2017, the company expects nil dividend against ¥8.00 per share paid for same period a year ago.