KENKO Mayonnaise Co. Ltd. reported consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net sales of JPY 70,812 million against JPY 66,933 million a year ago. Operating profit was JPY 3,987 million against JPY 3,436 million a year ago. Ordinary profit was JPY 4,017 million against JPY 3,426 million a year ago. Profit attributable to owners of parent was JPY 2,867 million or JPY 194.88 per share against JPY 2,085 million or JPY 146.76 per share a year ago. Net assets per share were JPY 1,727.17 against JPY 1,358.94 a year ago. Cash flows from operating activities were JPY 4,692 million against JPY 4,270 million a year ago. Profit before income taxes was JPY 4,021 million against JPY 2,767 million a year ago. Purchase of property, plant and equipment was JPY 3,850 million against JPY 708 million a year ago. Purchase of intangible assets was JPY 59 million against JPY 75 million a year ago.

The company announced year-end dividend of JPY 23.00 per share for the year ended March 31, 2017 compared to JPY 17.00 per share paid for the same period a year ago. The dividend payment date is June 29, 2017.

The company provided dividend guidance for the second quarter and year end of fiscal year ending March 31, 2018. For the second quarter, the company expects to pay dividend of JPY 18.00 per share compared to JPY 14.00 per share paid for the same period a year ago.

For the year ending March 31, 2018, the company expects to pay year-end dividend of JPY 19.00 per share compared to JPY 23.00 per share announced for the same period a year ago.

The company provided consolidated earnings guidance for the six months ending September 30, 2017 and year ending March 31, 2018. For the six months, the company expects net sales of JPY 37,880 million, operating profit of JPY 2,200 million, ordinary profit of JPY 2,210 million and profit attributable to owners of parent of JPY 1,550 million or JPY 94.08 per share
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For the year ending March 31, 2018, the company expects net sales of JPY 75,000 million, operating profit of JPY 4,080 million, ordinary profit of JPY 4,100 million and profit attributable to owners of parent of JPY 2,870 million or JPY 174.20 per share.