Kurotani Corporation provided dividend guidance for the second quarter and full year ending August 2020. For the quarter, the company expects to pay dividend of JPY 7.50 per share compared to dividend of JPY 7.50 paid per share for the same period last year.

For the full year ending August 2020, the company expects to pay yearend dividend of JPY 7.50 per share compared to year end dividend of JPY 7.50 paid per share for the same period last year.

The company reported consolidated earnings results for the first quarter ended November 2019. For the quarter, the company reported net sales of JPY 10,191 million against JPY 13,326 million a year ago. Operating profit was JPY 143 million against operating loss of JPY 64 million a year ago. Profit attributable to owners of parent was JPY 62 million or JPY 4.44 per basic share against loss of JPY 54 million or JPY 3.82 per basic share a year ago.

For the period ending February 2020, the company expects net sales of JPY 20,137 million, operating profit of JPY 104 million, profit attributable to owners of parent of JPY 14 million or JPY 1.04 per basic share.

For the year ending August 2020, the company expects consolidated net sales of JPY 43,573 million, operating profit of JPY 409 million, profit attributable to owners of parent of JPY 250 million or JPY 17.73 per basic share.