Dainichiseika Color & Chemicals Mfg. Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of JPY 39,060 million compared to JPY 39,366 million a year ago. Operating income was JPY 2,866 million compared to JPY 2,900 million a year ago. Ordinary income was JPY 2,709 million compared to JPY 3,107 million a year ago. Profit before income taxes was JPY 3,430 million compared to JPY 3,126 million a year ago. Profit attributable to owners of parent was JPY 3,063 million compared to JPY 2,288 million a year ago. Profit per share was JPY 33.00 compared to JPY 24.65 a year ago. This was mainly attributable to proceeds from the sale of non-current assets in a consolidated subsidiary currently undergoing liquidation proceedings being recorded as extraordinary income.

The company provided dividend guidance for the second quarter of 2016, and year ending March 31, 2017. For the second quarter, the company expects to pay a dividend of JPY 7.50 per share, compared with JPY 7.00 paid for the same period a year ago.

For the year end, the company expects to pay a dividend of JPY 7.50 per share, compared with JPY 7.00 paid for the year ended March 31, 2016.

The company provided consolidated earnings guidance for the first half of 2016 and full year ending March 31, 2017. For the first half year, the company expects to report net sales of JPY 80,000 million, operating income of JPY 4,600 million, ordinary income of JPY 4,800 million, profit attributable to owners of parent of JPY 4,500 million and profit per share of JPY 48.48.

For the full year, the company expects to report net sales of JPY 161,000 million, operating income of JPY 10,000 million, ordinary income of JPY 10,400 million, profit attributable to owners of parent of JPY 8,000 million and profit per share of JPY 86.18.