Nippon Valqua Industries, Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings and Dividend Guidance for the Year Ending March 31, 2017
January 27, 2017 at 04:15 am EST
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Nippon Valqua Industries, Ltd. reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of ¥32,034 million against ¥30,414 million a year ago. Operating income was ¥2,912 million against ¥2,224 million a year ago. Ordinary income was ¥2,806 million against ¥2,225 million a year ago. Total extraordinary income was ¥110 million against ¥126 million a year ago. Profit before income taxes was ¥2,592 million against ¥1,903 million a year ago. Profit attributable to owners of parent was ¥1,599 million against ¥1,384 million a year ago.
The company revised earnings guidance for the year ending March 31, 2017. For the period, the company expected consolidated net sales of ¥42,800 million compared to previous guidance of ¥41,500 million. Operating income expects to be ¥3,800 million compared to previous guidance of ¥3,200 million. Ordinary income expects to be ¥3,600 million compared to previous guidance of ¥3,100 million. Net income expects to be ¥2,000 million or ¥113.21 per share compared to previous guidance of ¥1,500 million or ¥84.91 per share.
For the year ending March 31, 2017, the company expects to pay a dividend of ¥45.00 per share.
VALQUA, LTD., formerly NIPPON VALQUA INDUSTRIES, LTD. is a Japan-based company primarily engaged in the manufacture and sale of seal products. The Company operates in three business segments. The Seal Products segment manufactures and sells plant and machinery related products, elastomer products, automobile parts and other seal products. The Functional Resin Product segment manufactures and sells resin products. The Other Product segment provides membrane products and environment-related product.
Nippon Valqua Industries, Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings and Dividend Guidance for the Year Ending March 31, 2017