Elematec Corporation announced consolidated and non-consolidated earnings results for the year ended March 31, 2016. For the year, the company reported net sales of ¥216,824 million, operating income of ¥6,868 million, ordinary profit of ¥6,880 million, profit attributable to owners of parent of ¥5,048 million or ¥246.58 per share as compared to net sales of ¥181,876 million, operating income of ¥7,375 million, ordinary profit of ¥7,077 million, profit attributable to owners of parent of ¥5,105 million or ¥249.38 per share for the same period prior year. Return on equity was 11.6% against 12.8% a year ago. Cash flows from operating activities were ¥7,573 million against cash flows used in operating activities of ¥5,942 million a year ago.

For the year, on non-consolidated basis, the company reported net sales of ¥137,420 million, operating income of ¥2,383 million, ordinary profit of ¥3,976 million, net income of ¥3,035 million or ¥148.29 per share compared to net sales of ¥132,740 million, operating income of ¥2,867 million, ordinary profit of ¥3,607 million, net income of ¥2,542 million or ¥124.16 per share for the same period prior year.

The company provided earnings guidance for the full year ending March 31, 2017. For the year, the company expects net sales of ¥220,000 million, operating income of ¥6,150 million, ordinary profit of ¥6,100 million, net income of ¥4,400 million or ¥214.91 per share.

The company declared dividend of ¥35 per share for the full year ended March 31, 2016, payable on June 17, 2016.

For the second quarter of the year ending March 31, 2017, the company expects to pay ¥30.00 per share against ¥40.00 per share paid a year ago.

The company expects to pay year-end dividend of ¥35 per share for the full year ending March 31, 2017 against ¥35.00 per share declared a year ago.