Piolax, Inc. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Full Year of Fiscal Year Ending March 31, 2017; Expects to Pay Year End Dividend for the Full Year of Fiscal Year Ending March 31, 2017
February 07, 2017
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Piolax, Inc. announced consolidated earnings results for the nine months ended December 31, 2016. For the period, the consolidated company reported net sales of ¥47,466 million, operating income of ¥7,702 million, ordinary income of ¥8,357 million, net profit attributable to owners of the parent of the company of ¥6,049 million or net income per basic share of ¥506.73 compared to net sales of ¥47,619 million, operating income of ¥6,959 million, ordinary income of ¥7,727 million, net profit attributable to owners of the parent of the company of ¥5,494 million or net income per basic share of ¥460.25 for the same period last year. Net income before taxes and other adjustments was ¥8,357 million against ¥7,727 million a year ago.
The company expects to pay year end dividend of ¥50.00 per share for the fiscal year ending March 31, 2017 against ¥45.00 per share for the fiscal year ending March 31, 2016.
For the full year of fiscal year ending March 31, 2017, the consolidated company expects revenue of ¥63,000 million, operating income of ¥9,600 million, ordinary income of ¥10,300 million, profit attributable to owners of the parent of the company of ¥7,100 million or net income per share of ¥594.72.
PIOLAX, INC. is a Japan-based company principally engaged in the manufacture and sale of automotive related products. The Company operates in two business segments. Automotive Related Business segment is mainly involved in the manufacture and sale of precision springs, industrial fasteners, as well as small unit parts that combine resin and metal to the automobile industry. Medical Equipment Business segment is involved in the manufacture and sale of interventional radiology (IVR), endoscopic treatment, and orthopedic treatment equipment to medical institutions.
Piolax, Inc. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Full Year of Fiscal Year Ending March 31, 2017; Expects to Pay Year End Dividend for the Full Year of Fiscal Year Ending March 31, 2017