Piolax Inc. announced consolidated financial results for the year ended March 31, 2016. For the year, the company reported net sales of ¥64,341 million against ¥59,507 million a year ago. Operating income was ¥9,151 million against ¥8,080 million a year ago. Ordinary income was ¥10,063 million against ¥9,209 million a year ago. Net income attributable to owners of the company was ¥7,025 million or ¥588.46 against ¥6,300 million or ¥511.31 a year ago. Net income before taxes and other adjustments was ¥9,971 million against ¥9,209 million a year ago. Net cash flows from operating activities was ¥10,729 million against ¥7,746 million a year ago.

The company provided consolidated earnings guidance for the first half and year ending March 31, 2017. For the first half, the company expects net sales of ¥30,500 million, operating income of ¥4,200 million, ordinary income of ¥4,400 million and net income attributable to owners of company of ¥3,000 million or ¥251.29 per share.

For the year, the company expects net sales of ¥30,500 million, operating income of ¥8,600 million, ordinary income of ¥9,100 million and net income attributable to owners of company of ¥6,200 million or ¥519.33 per share.

The company declared term end dividend of ¥45.00 per share for the fiscal 2016 against ¥32.50 per share a year ago. Thus the total dividend would amount to ¥80.00 per share for fiscal 2016 against ¥60.00 per share a year ago. Date scheduled to start dividend payment is June 29, 2016.

The company expects to pay a second quarter dividend of ¥40.00 per share for the fiscal 2017 against ¥35.00 per share for the same period a year ago.

The company expects to pay a term end dividend of ¥40.00 per share for the fiscal 2017 against ¥45.00 per share for the same period a year ago. Thus the total dividend would amount to ¥80.00 per share for fiscal 2017 against ¥80.00 per share a year ago.