River Eletec Corporation announced a dividend of ¥1.50 per share for the year ended March 31, 2016. This dividend is payable on June 30, 2016.

The company provided dividend guidance for the year ending March 31, 2017. For the year, the company expects to pay a dividend of ¥1.50 per share.

The company reported consolidated earnings results for the year ended March 31, 2016. For the period, the company reported net sales of ¥5,709 million against ¥4,773 million a year ago. Operating income was ¥76 million against operating loss of ¥777 million a year ago. Ordinary income was ¥62 million against ordinary loss of ¥674 million a year ago. Profit attributable to owners of parent was ¥35 million or ¥4.81 per share against net loss of ¥661 million or ¥89.77 per share a year ago. Cash flows from operating activities ¥561 million against ¥268 a year ago.

The company provided earnings guidance for the six months and full year of March 2017. For the year the company expects net sales to be ¥5,911 million. Operating income to be ¥107 million. Ordinary income to be ¥99 million. Profit attributable to owners of parent was ¥88 million or ¥11.97 per share.

For the six months, the company expects net sales to be ¥2,524 million. Operating loss to be ¥44 million. Ordinary income to be ¥50 million. Loss attributable to owners of parent was ¥54 million or ¥7.44 per share.