NIC Autotec, Inc. Announces Dividend for the Year Ended March 31, 2017, Payable on June 26, 2017; Provides Dividend Guidance for the Year Ending March 31, 2018; Announces Consolidated and Nonconsolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Half Year Ending Sept. 2017 and Full Year Ending March 2018
May 12, 2017 at 11:30 am IST
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NIC Autotec, Inc. announced dividend of ¥30.00 per share for the year ended March 31, 2017 compared to ¥23.00 per share paid in last year, payable on June 26, 2017.
The company provided dividend guidance for the year ending March 31, 2018 of ¥30.00 per share.
The company announced earnings results for the year ended March 31, 2017. For the year, on consolidated basis, the company reported net sales of ¥8,088 million against ¥6,176 million a year ago. Operating income was ¥832 million against ¥563 million a year ago. Ordinary income was ¥833 million against ¥565 million a year ago. Profit attributable to owners of parent was ¥551 million or ¥101.23 per basic share against ¥363 million or ¥66.73 per basic share a year ago. Rate of return on equity was 14.1% against 10.2% a year ago. Cash flows from operating activities was ¥278 million against ¥240 million a year ago.
For the year, on nonconsolidated basis, the company reported net sales of ¥8,081 million against ¥6,194 million a year ago. Operating income was ¥875 million against ¥598 million a year ago. Ordinary income was ¥880 million against ¥605 million a year ago. Profit was ¥598 million or ¥109.85 per basic share against ¥363 million or ¥66.78 per basic share a year ago.
For the half year ending Sept. 2017, the company expects net sales of ¥3,865 million, Operating income of ¥326 million, Ordinary income of ¥324 million, Profit attributable to owners of parent of ¥217 million or ¥39.82 per basic share.
For the full year ending March 2018, the company expects net sales of ¥8,348 million, Operating income of ¥849 million, Ordinary income of ¥849 million, Profit attributable to owners of parent of ¥516 million or ¥103.14 per basic share.
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 Dividend for the Year Ended March 31, 2017, Payable on June 26, 2017; Provides Dividend Guidance for the Year Ending March 31, 2018; Announces Consolidated and Nonconsolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Half Year Ending Sept. 2017 and Full Year Ending March 2018