HIRANO TECSEED Co., Ltd. Announces Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017; Announces Dividend for the Second Quarter End of Fiscal Year 2017, Payable on December 5, 2016; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2017
November 11, 2016
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HIRANO TECSEED Co., Ltd. announced unaudited consolidated earnings results for the six months ended September 30, 2016. For the period, the consolidated company reported net sales of ¥6,285 million, operating income of ¥501 million, ordinary income of ¥506 million, net income attributable to owners of the parent of the company of ¥349 million or net earnings per basic share of ¥23.22 compared to net sales of ¥6,271 million, operating income of ¥258 million, ordinary income of ¥303 million, net income attributable to owners of the parent of the company of ¥196 million or net earnings per basic share of ¥13.04 for the same period last year.
The company announced second quarter end of fiscal year 2017 dividend of ¥12.00 per share against ¥8.00 per share announced a year ago. Scheduled date of commencing dividend payments is December 5, 2016.
For the fiscal year ending March 31, 2017, the company expects to pay dividend of ¥24.00 per share against ¥20.00 per share announced a year ago.
For the fiscal year ending March 31, 2017, the consolidated company expects net sales of ¥20,000 million, operating income of ¥1,995 million, ordinary income of ¥2,000 million, net income attributable to owners of the parent of the company of ¥1,550 million or net income per share of ¥103.03.
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 Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017; Announces Dividend for the Second Quarter End of Fiscal Year 2017, Payable on December 5, 2016; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2017