Nichidai Corporation Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Reports Year End Dividend, Payable on June 24, 2016; Provides Earnings Guidance for the Six Months Ending September 30, 2016 and Year Ending March 31, 2017; Provides Dividend Guidance for the Year Ending March 31, 2017
May 06, 2016
Share
Nichidai Corporation reported consolidated earnings results for the year ended March 31, 2016. For the year, the company reported net sales of ¥14,264 million, operating income of ¥828 million, ordinary income of ¥766 million and net income attributable to owners of the parent of ¥485 million or ¥53 per share compared to net sales of ¥14,635 million, operating income of ¥1,269 million, ordinary income of ¥1,311 million and net income of ¥875 million or ¥96 per share reported in the same period last year. Return on equity was 5.2% against 9.9% a year ago. Cash from operating activities was ¥1,074 million against ¥1,475 million a year ago.
For the year, the company reported year end dividend of ¥10.00 per share compared to ¥12.00 per share paid for the same period a year ago. The dividend is payable on June 24, 2016.
For the fiscal year ending March 31, 2017, the company expected year end dividend of ¥10.00 per share compared to ¥10.00 per share paid for the same period a year ago.
For the six months ending September 30, 2016, the group expected to report net sales of ¥6,760 million, operating income of ¥310 million, ordinary income of ¥305 million and net income of ¥195 million or ¥21 per share.
For the fiscal year ending March 31, 2017, the group expected to report net sales of ¥14,000 million, operating income of ¥885 million, ordinary income of ¥870 million and net income of ¥575 million or ¥63 per share.
NICHIDAI CORPORATION is a Japan-based company mainly engaged in the development, manufacturing and sales of precision-forged dies and precision-forged products, etc. The Company operates in three segments. The Net-shape segment is centered on auto parts manufacturers and engaged in manufacturing and sales of auto parts such as precision-forged dies for cold forging, scroll compressor parts for air conditioners, various gears, etc. The Assembly segment is involved in the manufacturing and sales of parts for turbochargers. The Filter segment supplies sintered metal filters that are used in the petrochemical, pharmaceutical, food, nuclear power and other fields.
Nichidai Corporation Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Reports Year End Dividend, Payable on June 24, 2016; Provides Earnings Guidance for the Six Months Ending September 30, 2016 and Year Ending March 31, 2017; Provides Dividend Guidance for the Year Ending March 31, 2017