Piolax Inc. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Announces Dividend for the Second Quarter Ended September 30, 2017, Payable on December 1, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018; Provides Dividend Guidance for the Year Ending March 31, 2018
November 07, 2017
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Piolax Inc. reported consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported net sales of ¥33,197 million against ¥31,514 million a year ago. Operating income was ¥5,170 million against ¥4,898 million a year ago. Ordinary income was ¥5,538 million against ¥5,310 million a year ago. Net income attributable to owners of company was ¥4,003 million or ¥111.78 per share against ¥3,800 million or ¥106.12 per share a year ago.
For the second quarter ended September 30, 2017, the company announced dividend of ¥17.00 per share against ¥40.00 per share a year ago. The dividend will be payable on December 1, 2017.
For the year ending March 31, 2018, the company expects to pay term end dividend of ¥17.00 per share and full year dividend of ¥34.00 per share against term end of ¥60.00 per share and full year dividend of ¥100.00 per share a year ago.
For the year ending March 31, 2018, the company expects net sales of ¥63,200 million, operating income of ¥9,500 million, ordinary income of ¥10,200 million, net income attributable to owners of company of ¥6,900 million or ¥192.66 per share.
PIOLAX, INC. is a Japan-based company principally engaged in the manufacture and sale of automotive related products. The Company operates in two business segments. Automotive Related Business segment is mainly involved in the manufacture and sale of precision springs, industrial fasteners, as well as small unit parts that combine resin and metal to the automobile industry. Medical Equipment Business segment is involved in the manufacture and sale of interventional radiology (IVR), endoscopic treatment, and orthopedic treatment equipment to medical institutions.
Piolax Inc. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Announces Dividend for the Second Quarter Ended September 30, 2017, Payable on December 1, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018; Provides Dividend Guidance for the Year Ending March 31, 2018