Nihon Seiko Co., Ltd. Announces Unaudited Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the First Half and Year Ending March 31, 2018
May 11, 2017
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Nihon Seiko Co., Ltd. announced unaudited consolidated earnings results for the year ended March 31, 2017. For the year, the company reported net sales of ¥11,511,041,000 against ¥11,797,708,000 a year ago. Operating income was ¥966,920,000 against ¥532,672,000 a year ago. Ordinary income was ¥955,461,000 against ¥505,525,000 a year ago. Profit before income taxes was ¥952,904,000 against ¥493,966,000 a year ago. Profit attributable to owners of parent was ¥644,964,000 or ¥52.81 per share against ¥312,998,000 or ¥25.63 per share a year ago. Net cash provided by operating activities was ¥925,642,000 against ¥1,577,679,000 a year ago. Purchase of property, plant and equipment was ¥469,410,000 against ¥729,250,000 a year ago. Purchase of intangible assets was ¥4,017,000 against ¥3,947,000 a year ago. Return on equity was 11.8% against 6.1% a year ago.
The company provided consolidated earnings guidance for the first half and year ending March 31, 2018. For the first half year, the company expects net sales of 6,500 million, operating income of ¥500 million, ordinary income of ¥500 million and profit attributable to owners of parent of ¥340 million or ¥27.84 per share.
For the year, the company expects net sales of ¥13,000 million, operating income of ¥1,000 million, ordinary income of ¥1,000 million and profit attributable to owners of parent of ¥680 million or ¥55.69 per share.
NIHON SEIKO CO., LTD. is a company mainly engaged in the manufacture and sale of antimony products and metallic powder products. The Company operates in two business segments. The Antimony segment involves in the manufacture and sale of flame retardant additives for synthetic resin products; antimony trioxide used as polymerization catalysts of polyester; antimony trisulfide used as antifriction materials of brakes, as well as sodium antimonate, among others. The Metallic Powder segment involves in the manufacture and sale of non-ferrous metal fine powder for electronic components, such as copper powder and precious metal powder for conductive paste and iron alloy powder as soft magnetic material for power inductors, as well as powder metallurgy (coarse powder) for the bearings of precision motors, such as bronze powder, brass powder, tin powder for precision motor bearings, among others. The others business includes the leasing of real estate.
Nihon Seiko Co., Ltd. Announces Unaudited Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the First Half and Year Ending March 31, 2018