Nitto Boseki Co., Ltd. announced consolidated earnings results for the six months ended September 30, 2018. For the six months, net sales were ¥41,502 million against ¥43,172 million for the same period a year ago. Operating profit was ¥4,392 million against ¥6,236 million for the same period a year ago. Ordinary profit was ¥4,912 million against ¥6,481 million for the same period a year ago. Profit before income taxes was ¥5,335 million against ¥10,394 million for the same period a year ago. Profit attributable to owners of parent was ¥4,534 million against ¥7,428 million for the same period a year ago. Net cash provided by operating activities was ¥1,345 million against ¥4,873 million for the same a year ago. Basic earnings per share were ¥116.87 against ¥191.10 for the same period a year ago.

The company has revised earnings guidance for the fiscal year ending March 31, 2019. For the period, the company revised net sales forecast to ¥86,000 million from the previous forecast of ¥89,000 million. Operating profit was revised to ¥10,000 million from the previous forecast of ¥10,800 million. Ordinary profit was revised to ¥10,500 million from the previous forecast of ¥11,000 million. Profit attributable to owners of parent was revised to ¥8,300 million from the previous forecast of ¥7,700 million. Basic earnings per share were revised to ¥213.90 from the previous forecast of ¥198.43.

The company announced interim dividend of ¥20.00 per share at the end of the second quarter of fiscal 2019 compared to ¥3.5 per share declared last year. Scheduled date of commencement of dividend is December 17, 2018.

For the year ending March 31, 2019, the company provided year end dividend forecast of ¥20.00 per share compared to ¥22.50 per share declared last year.