Nihon Seiko Co., Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended September 30, 2017; Provides Earnings Guidance for the Full Year Ending March 31, 2018; Declares Dividend for the Second Quarter Ended September 30, 2017 and Provides Dividend Guidance for the Full Year Ending March 31, 2018
November 02, 2017
Share
Nihon Seiko Co., Ltd. announced unaudited consolidated earnings results for the second quarter ended September 30, 2017. For the quarter, the company reported net sales of JPY 7,347 million against JPY 5,357 million a year ago. Operating income was JPY 828 million against JPY 385 million a year ago. Ordinary income was JPY 818 million against JPY 335 million a year ago. Profit attributable to owners of parent was JPY 585 million against JPY 232 million a year ago. EPS was JPY 239.89 against JPY 95.04 a year ago. Profit before income taxes was JPY 846,158,000 against JPY 338,285,000 a year ago.
For the full year ending March 31, 2018, the company expects net sales of JPY 14,000 million, operating income of JPY 1,330 million, ordinary income of JPY 1,310 million, profit attributable to the parent of JPY 920 million or JPY 376.82.
For the second quarter, the company declared dividend of JPY 7.50 against JPY 5.00 per share paid a year ago.
For the year-ending March 31, 2018, the company expects to pay JPY 37.50 against JPY 5.00 per share paid a year ago.
NIHON SEIKO CO., LTD. is a company mainly engaged in the manufacture and sale of antimony products and metallic powder products. The Company operates in two business segments. The Antimony segment involves in the manufacture and sale of flame retardant additives for synthetic resin products; antimony trioxide used as polymerization catalysts of polyester; antimony trisulfide used as antifriction materials of brakes, as well as sodium antimonate, among others. The Metallic Powder segment involves in the manufacture and sale of non-ferrous metal fine powder for electronic components, such as copper powder and precious metal powder for conductive paste and iron alloy powder as soft magnetic material for power inductors, as well as powder metallurgy (coarse powder) for the bearings of precision motors, such as bronze powder, brass powder, tin powder for precision motor bearings, among others. The others business includes the leasing of real estate.
Nihon Seiko Co., Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended September 30, 2017; Provides Earnings Guidance for the Full Year Ending March 31, 2018; Declares Dividend for the Second Quarter Ended September 30, 2017 and Provides Dividend Guidance for the Full Year Ending March 31, 2018