Shofu Inc. Reports Consolidated Earnings Results for the First Quarter Ended of June 30, 2016; Provides Dividend Guidance for the Six Months Ending of September 30, 2016 and Full Year Ending of March 31, 2017; Provides Earnings Guidance for the Six Months Ending of September 30, 2016 and Full Year Ending of March 31, 2017
August 04, 2016
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Shofu Inc. reported consolidated earnings results for the first quarter ended of June 30, 2016. For the quarter, the company reported net sales of JPY 5,708 million compared to JPY 5,875 million a year ago. Operating income was JPY 540 million compared to JPY 525 million a year ago. Ordinary income was JPY 317 million compared to JPY 584 million a year ago. Net income was JPY 230 million compared to JPY 363 million a year ago. Diluted net income per share was JPY 14.36 compared to JPY 22.66 a year ago. Net assets per share were JPY 1,317.64. Income before income taxes and minority interests was JPY 317 million compared to JPY 584 million a year ago.
The company provided dividend guidance for the six months ending of September 30, 2016 and full year ending of March 31, 2017. For the six months ending of September 30, 2016, the company provided dividend guidance of JPY 8.00 per share compared to JPY 8.00 per share a year ago.
For the full year ending of March 31, 2017, the company provided dividend guidance of JPY 12.00 per share compared to JPY 10.00 per share a year ago.
The company provided earnings guidance for the six months ending of September 30, 2016 and full year ending of March 31, 2017. For the six months ending of September 30, 2016, the company expects net sales to be of JPY 12,111 million. Operating income expected to be of JPY 786 million. Ordinary income expected to be of JPY 719 million. Net income expected to be of JPY 506 million. Net income per share expected to be of JPY 31.67.
For the full year ending of March 31, 2017, the company expects net sales to be of JPY 24,649 million. Operating income expected to be of JPY 1,669 million. Ordinary income expected to be of JPY 1,520 million. Net income expected to be of JPY 1,084 million. Net income per share expected to be of JPY 67.86.
SHOFU INC. is a Japan-based company mainly engaged in the manufacture and sale of dental materials and equipment. The Company operates in three business segments. The Dental-related segment is engaged in the manufacture and sale of prosthetic tooth materials, abrasive materials, metals, chemicals, cement, as well as various equipment and tools. The Nail-related segment is engaged in the manufacture and sale of nail care products. The Others segment is engaged in the manufacture and sale of industrial abrasives.
Shofu Inc. Reports Consolidated Earnings Results for the First Quarter Ended of June 30, 2016; Provides Dividend Guidance for the Six Months Ending of September 30, 2016 and Full Year Ending of March 31, 2017; Provides Earnings Guidance for the Six Months Ending of September 30, 2016 and Full Year Ending of March 31, 2017
SHOFU INC. 
