DaikyoNishikawa Corporation Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings Guidance for the Full Year Ending March 31, 2018; Provides Dividend Guidance for the Full Year Ending March 31, 2018; Announces Second Quarter End Dividend, Payable on December 4, 2017
November 06, 2017
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DaikyoNishikawa Corporation reported consolidated earnings results for the six months ended September 30, 2017. For the six months, the company reported net sales of JPY 81,367 million against JPY 74,474 million a year ago. Operating income was JPY 8,408 million against JPY 7,422 million a year ago. Ordinary income was JPY 8,893 million against JPY 6,943 million a year ago. Profit attributable to owners of the parent was JPY 6,083 million against JPY 5,039 million a year ago. Diluted earnings per share were JPY 85.85 against JPY 68.19 a year ago.
Income before income taxes was JPY 37,097 million against JPY 33,827 million a year ago. Net cash provided by operating activities was JPY 29,553 million against JPY 10,601 million a year ago. Purchase of property, plant and equipment was JPY 786 million against JPY 124 million a year ago. Purchase of intangible assets was JPY 181 million against JPY 3 million a year ago.
For the six months, the company announced second quarter end dividend of JPY 16.00 per share against JPY 12.00 per share paid for the same period a year ago. The dividend will be payable on December 4, 2017.
For the end of fiscal year ending March 31, 2018, the company expects total dividend of JPY 16.00 per share against JPY 16.00 per share a year ago.
The company provided earnings guidance for the full year ending March 31, 2018. For the period, the company expects net sales of JPY 167,000 million, operating income of JPY 16,700 million, ordinary income of JPY 17,300 million, profit attributable to owners of parent of JPY 11,800 million and profit per share of JPY 166.56.
DaikyoNishikawa Corp is engaged in the manufacture and sale of automotive resin parts. The Company operates in four geographical segments: Japan, China & Korea, ASEAN, Central America & North America. The Company purchases raw materials and manufacturers automobile equipment such as instrument panels and bumpers, and housing equipment such as bus unit members. The Japan segment has two divisions. The automobile parts manufacture division is involved in the provision of automobile resin parts, the development of production equipment and jigs, and the design and manufacture of molding dies and precision jigs. The others division is involved in the provision of housing equipment, the life insurance and non-life insurance agency business. Other segments are also involved in the design and technical services for automobile parts and staffing business, in addition to the provision of resin parts for automobiles.
DaikyoNishikawa Corporation Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings Guidance for the Full Year Ending March 31, 2018; Provides Dividend Guidance for the Full Year Ending March 31, 2018; Announces Second Quarter End Dividend, Payable on December 4, 2017
DAIKYONISHIKAWA CORPORATION 
