Nichidai Corporation Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2017
Nichidai Corporation reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of ¥10,170 million compared to ¥10,635 million a year ago. Operating income was ¥345 million compared to ¥630 million a year ago. Ordinary income was ¥330 million compared to ¥592 million a year ago. Net income attributable to owners of the parent was ¥194 million or ¥54 per share compared to ¥394 million or ¥43 per share a year ago.
The company provided earnings guidance for the fiscal year ending March 31, 2017. For the year, the company expected to report net sales of ¥14,000 million, operating income of ¥570 million, ordinary income of ¥500 million and net income of ¥325 million or ¥35 per share.