TOA Oil Co., Ltd. announces dividend guidance for the year ended December, 31, 2016. The company announces year-end dividend of ¥4 per share compared to ¥4 per share paid a year ago. Dividend payable date is March 29, 2017.

The company provided dividend guidance for the year ending December, 31, 2017. The company expects year-end dividend of ¥4 per share compared to ¥4 per share paid a year ago.

The company reported consolidated non consolidated earnings results for the full year ended December 31, 2016. For the year, on consolidated basis net sales of ¥30,557 million compared with ¥33,340 million for the same period last year. Operating income was ¥3,438 million compared with ¥4,925 million for the same period last year. Ordinary income was ¥3,318 million compared with ¥4,701 million for the same period last year. Profit attributable to owners of parent was ¥2,315 million compared with ¥2,261 million for the same period last year. Net income per share was ¥18.61 compared with ¥18.18 for the same period last year. Cash flows from operating activities was ¥6,738 million compared with ¥12,404 million for the same period last year.

For the year, on non consolidated basis net sales of ¥27,874 million compared with ¥31,350 million for the same period last year. Operating income was ¥2,825 million compared to ¥3,817 million for the same period last year. Ordinary income was ¥3,100 million compared with ¥3,955 million for the same period last year. Profit was ¥2,414 million compared with ¥2,076 million for the same period last year. Net income per share was ¥19.41 compared with ¥16.69 for the same period last year.

On consolidated basis, the company expects net sales of ¥30,500 million, operating income of ¥3,630 million, ordinary income of ¥3,550 million and profit attributable to owners of parent of ¥2,280 million or ¥18.33 per basic share for the year ending December 31, 2017.

On consolidated basis, the company expects net sales of ¥14,000 million, operating income of ¥1,680 million, ordinary income of ¥3,330 million and profit attributable to owners of parent of ¥1,200 million or ¥9.65 per basic share for the six months period ending June 2017.

On non-consolidated basis, the company expects net sales of ¥28,800 million, ordinary income of ¥3,330 million and profit of ¥2,390 million or ¥19.21 per basic share for the year ending December 31, 2017.

On non-consolidated basis, the company expects net sales of ¥13,500 million, ordinary income of ¥1,900 million and profit of ¥1,500 million or ¥12.06 per basic share for the six months period ending June 2017.