Sanyo Chemical Industries Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Dividend Guidance for the Second Quarter Ending September 30, 2015 and Fiscal Year Ending March 31, 2016; Provides Earnings Guidance for the Six Months Ending September 30, 2015 and Fiscal Year Ending March 31, 2016
August 26, 2015
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Sanyo Chemical Industries Ltd. reported unaudited consolidated earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported net sales of ¥39,500 million compared to ¥40,793 million, operating income of ¥3,192 million compared to ¥1,950 million, ordinary income of ¥3,579 million compared to ¥2,251 million, profit attributable to owners of parent of ¥2,171 million or ¥19.69 per share compared to ¥1,359 million or ¥12.33 per share, income before income taxes and minority interests of ¥3,444 million compared to ¥2,098 million for the last year. Net cash provided by operating activities was ¥4,685 million compared to ¥1,986 million and Purchase of non-current assets was ¥1,947 million compared to ¥1,445 million for the last year.
The company provided earnings guidance for the six months ending September 30, 2015 and fiscal year ending March 31, 2016. For the six months, the company expects net sales of ¥79,000 million, operating income of ¥5,000 million, ordinary income of ¥5,200 million and net income of ¥3,000 million or ¥27.21 per share.
For the year ending March 31, 2016, the company expects net sales of ¥165,000 million, operating income of ¥11,000 million, ordinary income of ¥11,500 million and net income of ¥7,000 million or ¥63.49 per share.
The company provided dividend guidance for the second quarter ended September 30, 2015 and fiscal year ending March 31, 2016. For the quarter, the company expects pay dividend of ¥8.0 per share compared to dividend of ¥7.50 per share paid in a year ago.
For the year ending March 31, 2016, the company expects pay dividend of ¥8.0 per share compared to dividend of ¥8.0 per share paid in a year ago.
SANYO CHEMICAL INDUSTRIES, LTD. is mainly engaged in the manufacture and sale of chemicals and related products. The Chemical Products segment manufactures and sells the surfactants for living and health industry, the polyurethane foam materials for petroleum oil and transportation equipment industry, the permanent antistat, pigment dispersant and resin modifier for plastic and textile industry, the toner binders for copiers in information and electronics industry, as well as the polymer flocculants for wastewater treatment in environment and housing industry. The Others segment is involved in the provision of delivery and warehousing services, insurance and travel agency services, as well as the residential real estate trading.
Sanyo Chemical Industries Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Dividend Guidance for the Second Quarter Ending September 30, 2015 and Fiscal Year Ending March 31, 2016; Provides Earnings Guidance for the Six Months Ending September 30, 2015 and Fiscal Year Ending March 31, 2016