NID Co. Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of JPY 3,960 million against JPY 3,907 million a year ago. Operating income JPY 327 million against JPY 175 million a year ago. Ordinary income was JPY 350 million against JPY 227 million a year ago. Profit attributable to owners of parent was JPY 229 million or JPY 60.55 per share against JPY 172 million or JPY 45.53 per share a year ago. Profit before taxes was JPY 342,689,000 compared to JPY 269,454,000 a year ago.

The company provided consolidated earnings guidance for the second quarter of fiscal year 2017 and full year ending March 31, 2017. For the second quarter, the company expects net sales of JPY 8,300 million, operating income of JPY 610 million, ordinary income of JPY 675 million and profit attributable to owners of parent of JPY 470 million or JPY 124.16 per share.

For the year ending March 31, 2017, the company expects net sales of JPY 17,500 million, operating income of JPY 1,575 million, ordinary income of JPY 1,675 million and profit attributable to owners of parent of JPY 1,150 million or JPY 303.80 per share.

For the year ending March 31, 2017, the company expects to pay year-end dividend of JPY 50.00 per share compared to JPY 50.00 per share paid a year ago.