Nitto Denko Corporation the company expects to declare final dividend of JPY 75.00 for the year ending March 31, 2017 against JPY 70.00 per share paid a year ago.

The company announced consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported revenue of JPY 566,215 million against JPY 623,373 million a year ago. Operating income was JPY 64,783 million against JPY 89,588 million a year ago. Income before income taxes was JPY 64,053 million against JPY 89,182 million a year ago. Net income attributable to the owners of the parent company was JPY 46,223 million or JPY 284.43 per diluted share against JPY 70,437 million or JPY 425.84 per diluted share a year ago. Net cash provided by operating activities was JPY 68,921 million against JPY 97,143 million a year ago. Purchase of property, plant and equipment and intangible assets was JPY 34,827 million against JPY 45,972 million a year ago.

For the fiscal year ending March 31, 2017, the company now expects revenue of JPY 760 billion, operating income of JPY 85 billion, net income of JPY 61 billion, depreciation expenses of JPY 49.0 billion, R&D expenditure of JPY 30.0 billion compared to previous guidance of revenue of JPY 720 billion, operating income of JPY 70 billion, net income of JPY 50 billion, depreciation expenses of JPY 50.0 billion, R&D expenditure of JPY 32.0 billion. Income before income tax is expected to be JPY 85,000 million and basic earnings per share to be JPY 375.8.