Nihon Seiko Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance Year Ending March 31, 2017; Provides Dividend Guidance for the Second Quarter Ended September 30, 2016 and Year Ending March 31, 2017
November 01, 2016
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Nihon Seiko Co., Ltd. reported consolidated earnings results for the six months ended September 30, 2016. For the period, the company's net sales of ¥5,357,277,000, operating income of ¥385,311,000, profit before income taxes of ¥338,285,000, profit attributable to owners of parent of ¥232,139,000, earnings per share of ¥19.01 against net sales of ¥6,469,507,000, operating income of ¥447,835,000, profit before income taxes of ¥430,524,000, profit attributable to owners of parent of ¥282,599,000, earnings per share of ¥23.14.
For the year ending March 31, 2017, the company expects net sales of ¥10,500 million, operating income of ¥630 million, ordinary income of ¥0 million, profit attributable to owners of parent of ¥400 million, and earnings per share of ¥33.
The company provides dividend forecast for the second quarter ended September 30, 2016 and year ending March 31, 2017. For the second quarter ended September 30, 2016, the company forecast dividend of ¥5 against ¥5 in the same period a year ago.
For the Year ending March 31, 2017, the company forecast dividend of ¥5 against ¥5 in the same period a year ago.
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. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance Year Ending March 31, 2017; Provides Dividend Guidance for the Second Quarter Ended September 30, 2016 and Year Ending March 31, 2017