Nichidai Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Second Quarter and Full Year of Fiscal Year Ending March 31, 2018; Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal Year Ending March 31, 2018
August 31, 2017
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Nichidai Corporation reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, net sales were JPY 3,773 million against JPY 3,373 million a year ago. Operating income was JPY 187 million against JPY 50 million a year ago. Ordinary income was JPY 191 million against JPY 18 million a year ago. Net income attributable to owners of the parent was JPY 107 million against JPY 45 million a year ago. EPS was JPY 11 against JPY 5 a year ago.
For the second quarter of fiscal year ending March 31, 2018, on consolidated basis, the company expects net sales of JPY 7,200 million, operating income of JPY 300 million, ordinary income of JPY 290 million and net income attributable to owners of the parent of JPY 170 million or JPY 18 per share.
For the fiscal year ending March 31, 2018, on consolidated basis, the company expects net sales of JPY 14,700 million, operating income of JPY 740 million, ordinary income of JPY 720 million and net income attributable to owners of the parent of JPY 440 million or JPY 48 per share.
For the second quarter of fiscal year ending March 31, 2018, the company expects to pay a dividend of JPY 8 per share compared to JPY 10 per share paid a year ago.
For the fiscal year ending March 31, 2018, the company expects to pay a dividend of JPY 8 per share compared to JPY 10 per share paid a year ago.
NICHIDAI CORPORATION is a Japan-based company mainly engaged in the development, manufacturing and sales of precision-forged dies and precision-forged products, etc. The Company operates in three segments. The Net-shape segment is centered on auto parts manufacturers and engaged in manufacturing and sales of auto parts such as precision-forged dies for cold forging, scroll compressor parts for air conditioners, various gears, etc. The Assembly segment is involved in the manufacturing and sales of parts for turbochargers. The Filter segment supplies sintered metal filters that are used in the petrochemical, pharmaceutical, food, nuclear power and other fields.
Nichidai Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Second Quarter and Full Year of Fiscal Year Ending March 31, 2018; Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal Year Ending March 31, 2018