Hitachi Metals, Ltd. provided dividend guidance for the year ending March 31, 2017. For the period, the company expects to pay a term-end dividend of JPY 13.00 per share against JPY 13.00 per share for the same period a year ago.

The company reported consolidated earnings results for the third quarter ended of December 31, 2016. For the period, the company reported revenues of JPY 666,536 million compared to JPY 772,898 million a year ago. Operating income was JPY 47,179 million compared to JPY 54,197 million a year ago. Income before income taxes was JPY 47,642 million compared to JPY 77,727 million a year ago. Net Income was JPY 55,977 million compared to JPY 48,738 million a year ago. Net Income attributable to shareholders of the parent company was JPY 36,193 million compared to JPY 55,583 million a year ago. Basic earnings per share attributable to shareholders of the parent company were JPY 84.65 compared to JPY 129.99 a year ago.
Net cash provided by operating activities was JPY 43,760 million compared to JPY 63,048 million a year ago. Purchase of property, plant and equipment was JPY 44,173 million compared to JPY 40,000 million a year ago. Purchase of intangible assets was JPY 1,801 million compared to JPY 3,108 million a year ago.

The company provided earnings guidance for the year ending March 31, 2017. For the period, the company expects revenue to be of JPY 880,000 million. Operating income expected to be of JPY 67,000 million. Income before income taxes expected to be of JPY 63,000 million. Net income attributable to shareholders of the parent company expected to be of JPY 45,000 million. Basic earnings per share expected to be of JPY 105.24.