HIRANO TECSEED Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Second Quarter and Year Ending March 31, 2018; Declares Dividend for the Year Ended March 31, 2017, Payable on June 29, 2017; Provides Dividend Guidance for the Second Quarter and Year Ending March 31, 2018
May 12, 2017
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HIRANO TECSEED Co., Ltd. announced consolidated and non-consolidated earnings results for the year ended March 31, 2017. For the year, on consolidated basis, the company reported net sales of JPY 19,651 million compared to JPY 18,335 million a year ago. Operating income was JPY 3,021 million compared to JPY 1,950 million a year ago. Ordinary income was JPY 3,075 million compared to JPY 2,034 million a year ago. Net income attributable to the owners of the parent was JPY 2,281 million compared to JPY 1,330 million a year ago. Net income per share was JPY 151.67 compared to JPY 88.45 a year ago. Rate of return on equity was 10.3% against 6.5% a year ago. Net cash used in operating activities was JPY 344 million compared to net cash provided by operating activities of JPY 3,985 million a year ago.
For the year, on non-consolidated basis, the company reported net sales of JPY 13,322 million compared to JPY 15,757 million a year ago. Operating income was JPY 1,575 million compared to JPY 1,693 million a year ago. Ordinary income was JPY 1,662 million compared to JPY 1,807 million a year ago. Net income was JPY 1,191 million compared to JPY 1,223 million a year ago. Net income per share was JPY 79.21 compared to JPY 81.30 a year ago.
The company provided earnings guidance for the first half year and full year ending March 31, 2018. For the half year of 2017, on consolidated basis, the company expects net sales of JPY 11,200 million, operating income of JPY 1,400 million, ordinary income of JPY 1,400 million, net income attributable to owners of parent of JPY 1,000 million or JPY 66.47 per share.
For the year ending March 31, 2018, on consolidated basis, the company expects net sales of JPY 20,000 million, operating income of JPY 2,150 million, ordinary income of JPY 2,100 million, net income of JPY 1,450 million or JPY 96.38 per share.
The company declared a dividend of JPY 16 per share for the year ended March 31, 2017, payable on June 29, 2017. The company paid dividend of JPY 12 per share a year ago.
For the second quarter of fiscal year ending March 31, 2018, the company expects to pay dividend of JPY 13 per share compared to JPY 12 per share a year ago.
For the fiscal year ending March 31, 2018, the company expects to pay dividend of JPY 13 per share compared to JPY 16 per share a year ago.
HIRANO TECSEED Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of coating machines-related and chemical machines-related equipment, among others. The Coating Machines-related segment manufactures and sells coating and laminating-related machines such as magnetic tapes, composite films for wrapping, adhesive tapes, synthetic leathers, floor materials, wallpaper, decorative sheets, insulating plates, as well as drying and heat disposal machines, among others. The Chemical Machines-related segment manufactures and sells macromolecular chemical machines such as machines for plastic films, film formations, electrical printed circuit boards (PCBs) and ceramic sheet moldings, high-heat processing equipment, drying and heat disposal machines and others. The Others segment manufactures and sells dyeing machines and various machinery parts, as well as provides repair and remodeling services.
HIRANO TECSEED Co., Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the Second Quarter and Year Ending March 31, 2018; Declares Dividend for the Year Ended March 31, 2017, Payable on June 29, 2017; Provides Dividend Guidance for the Second Quarter and Year Ending March 31, 2018
HIRANO TECSEED CO.,LTD. 
