Kewpie Corporation Reports Consolidated Earnings Results for the Year Ended November 30, 2016; Provides Earnings Guidance for the Six Months Ending Year May 31, 2017 and Year Ending November 30, 2017; Declares Dividend for the Year Ended November 30, 2016, Payable on February 3, 2017; Provides Dividend Guidance for the Second Quarter of 2017 and Year Ending November 30, 2017
January 10, 2017
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Kewpie Corporation reported consolidated earnings results for the year ended November 30, 2016. For the year, the company reported net sales of JPY 552,306 million compared to JPY 549,774 million a year ago. Operating income was JPY 29,818 million compared to JPY 26,354 million a year ago. Ordinary income was JPY 31,364 million compared to JPY 27,224 million a year ago. Profit attributable to owners of parent was JPY 17,093 million compared to JPY 16,973 million a year ago. Earnings per share were JPY 113.47 compared to JPY 111.82 a year ago. Return on equity was 8.0% compared to 8.3% a year ago. Profit before income taxes was JPY 30,290 million compared to JPY 28,576 million a year ago. Net cash provided by operating activities was JPY 45,260 million compared to JPY 28,094 million a year ago. Purchases of tangible fixed assets were JPY 31,148 million compared to JPY 30,032 million a year ago. Purchases of intangible fixed assets were JPY 1,290 million compared to JPY 1,529 million a year ago.
The company announced dividend of JPY 19.50 for the year ended November 30, 2016 compared to JPY 16.50 a year ago. The dividend is payable on February 3, 2017.
The company provided dividend guidance for the second quarter and full year of 2017. For the second quarter of 2017, the company expects to pay dividend of JPY 18.00 per share compared to JPY 15.00 paid a year ago.
For the fiscal year 2017, the company expects to pay dividend of JPY 18.00 per share compared to JPY 19.50 paid a year ago.
The company provided earnings guidance for the six months ending May 31, 2017. For the period, the company expects net sales of JPY 279,000 million, operating income of JPY 15,600 million, ordinary income of JPY 16,100 million and profit attributable to owners of the parent of JPY 8,600 million or JPY 57.30 per share.
The company provided earnings guidance for the year ending November 30, 2017. For the period, the company expects net sales of JPY 565,000 million, operating income of JPY 33,000 million, ordinary income of JPY 34,100 million and profit attributable to owners of the parent of JPY 18,000 million and JPY 119.53 per share.
Kewpie Corp is engaged in manufacture and sale of food products. The Company operates in six business segments. The Retail Market segment manufactures and sells mayonnaise, dressings, pasta sauces, delicatessen foods, packaged salads, baby foods, nursing care foods and others in the retail market. The Food Service segment manufactures and sells mayonnaise, dressings, vinegar, liquid eggs, frozen eggs, dried eggs, egg processed food and others in food service market. The Overseas segment manufactures and sells mayonnaise, dressings in China, Southeast Asia, North America markets. The Fruit Solutions segment manufactures and sells jams for household use and processed fruit products for industry use. The Fine Chemicals segment manufactures and sells hyaluronic acid and egg yolk lecithin as an ingredient for pharmaceuticals, cosmetics and foods. The Common segment sells food and food manufacturing machines.
Kewpie Corporation Reports Consolidated Earnings Results for the Year Ended November 30, 2016; Provides Earnings Guidance for the Six Months Ending Year May 31, 2017 and Year Ending November 30, 2017; Declares Dividend for the Year Ended November 30, 2016, Payable on February 3, 2017; Provides Dividend Guidance for the Second Quarter of 2017 and Year Ending November 30, 2017
KEWPIE CORPORATION 
