NIC Autotec, Inc. Announces Consolidated Earnings Results for the First Quarter Ended June 2017; Provides Consolidated Earnings Guidance for the Quarter Ending September 2017 and Year Ending March 2018; Provides Dividend Guidance for the Year Ending March 2018
August 04, 2017 at 11:30 am IST
Share
NIC Autotec, Inc. announced consolidated earnings results for the first quarter ended June 2017. For the quarter, the company reported net sales of JPY 1,915 million, operating income of JPY 223 million, ordinary income of JPY 225 million and profit attributable to owners of parent company of JPY 151 million or basic earnings of JPY 27.86 per share against net sales of JPY 1,681 million, operating income of JPY 138 million, ordinary income of JPY 131 million and profit attributable to owners of parent company of JPY 87 million or basic earnings of JPY 16.14 per share a year ago.
For the year ending March 2018, on consolidated basis, the company expects net sales of JPY 8,348 million, operating income of JPY 849 million, ordinary income of JPY 849 million, profit attributable to owners of parent company of JPY 561 million and basic earnings of JPY 103.14 per share.
For the quarter ending September 2017, on consolidated basis, the company expects net sales of JPY 4,020 million, operating income of JPY 390 million, ordinary income of JPY 390 million, profit attributable to owners of parent company of JPY 260 million and basic earnings of JPY 47.71 per share.
For the year ending March 2018, the company expects to pay dividend of JPY 32.00 per share against JPY 30.00 per share paid for the same period a year ago.
NIC Autotec, Inc. is a Japan-based company mainly engaged in the manufacture and sale of industrial machinery and parts. The Company operates in three business segments. The Alfa Frame segment is engaged in the development, design, manufacture and sale of aluminum construction frames and auxiliary parts for frames under the brand ALFA FRAME SYSTEM. The Device segment develops, designs, manufactures and sells devices constructed from Alfa Frames, such as cleaning machines, conveyors and packaging equipment, inspection equipment and clean booth products, as well as aluminum structures, including equipment structures and safe covers, among others. The Trading segment is engaged in the provision of industrial grindstones, machinery and equipment such as cutting processing machines, tools such as end mills, bolts and drills, as well as lubricants.
NIC Autotec, Inc. Announces Consolidated Earnings Results for the First Quarter Ended June 2017; Provides Consolidated Earnings Guidance for the Quarter Ending September 2017 and Year Ending March 2018; Provides Dividend Guidance for the Year Ending March 2018
NIC AUTOTEC, INC. 
