Piolax Inc. Announces Consolidated Financial Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the First Half and Year Ending March 31, 2017; Declares Term End Dividend for the Fiscal 2016 Payable from June 29, 2016; Provides Dividend Guidance for the Second Quarter and Term End for the Fiscal 2017
May 11, 2016
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Piolax Inc. announced consolidated financial results for the year ended March 31, 2016. For the year, the company reported net sales of ¥64,341 million against ¥59,507 million a year ago. Operating income was ¥9,151 million against ¥8,080 million a year ago. Ordinary income was ¥10,063 million against ¥9,209 million a year ago. Net income attributable to owners of the company was ¥7,025 million or ¥588.46 against ¥6,300 million or ¥511.31 a year ago. Net income before taxes and other adjustments was ¥9,971 million against ¥9,209 million a year ago. Net cash flows from operating activities was ¥10,729 million against ¥7,746 million a year ago.
The company provided consolidated earnings guidance for the first half and year ending March 31, 2017. For the first half, the company expects net sales of ¥30,500 million, operating income of ¥4,200 million, ordinary income of ¥4,400 million and net income attributable to owners of company of ¥3,000 million or ¥251.29 per share.
For the year, the company expects net sales of ¥30,500 million, operating income of ¥8,600 million, ordinary income of ¥9,100 million and net income attributable to owners of company of ¥6,200 million or ¥519.33 per share.
The company declared term end dividend of ¥45.00 per share for the fiscal 2016 against ¥32.50 per share a year ago. Thus the total dividend would amount to ¥80.00 per share for fiscal 2016 against ¥60.00 per share a year ago. Date scheduled to start dividend payment is June 29, 2016.
The company expects to pay a second quarter dividend of ¥40.00 per share for the fiscal 2017 against ¥35.00 per share for the same period a year ago.
The company expects to pay a term end dividend of ¥40.00 per share for the fiscal 2017 against ¥45.00 per share for the same period a year ago. Thus the total dividend would amount to ¥80.00 per share for fiscal 2017 against ¥80.00 per share a year ago.
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 Financial Results for the Year Ended March 31, 2016; Provides Earnings Guidance for the First Half and Year Ending March 31, 2017; Declares Term End Dividend for the Fiscal 2016 Payable from June 29, 2016; Provides Dividend Guidance for the Second Quarter and Term End for the Fiscal 2017