Japan Pure Chemical Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2016; Declares Interim Dividend Payable December 1, 2016; Provides Year End Dividend Guidance for the Fiscal Year Ending March 31, 2017; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2017
October 23, 2016
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Japan Pure Chemical Co., Ltd. announced consolidated earnings results for the six months ended September 30, 2016. For the period, the group reported net sales of ¥3,855 million, operating income of ¥369 million, ordinary income of ¥426 million and net income of ¥311 million or ¥53.57 per diluted share compared to net sales of ¥4,605 million, operating income of ¥518 million, ordinary income of ¥564 million and net income of ¥386 million or ¥65.87 per share reported in the same period last year. Income before income taxes was ¥435.5 million against ¥565.6 million reported last year. Net cash provided by operating activities was ¥279.35 million against ¥240 million reported last year. Purchase of property, plant and equipment was ¥10.9 million against ¥10.6 million reported last year.
For the fiscal year ending March 31, 2017, the company reported interim dividend of ¥40.00 per share at the end of the second quarter compared to ¥40.00 per share declared last year. Beginning of dividend payment is December 1, 2016.
For the fiscal year ending March 31, 2017, the company reported year end dividend forecast of ¥40.00 per share compared to ¥40.00 per share declared last year.
For the first half of the year ending March 31, 2017, the group expected to report net sales of ¥8,000 million, operating income of ¥860 million, ordinary income of ¥860 million and net income of ¥690 million or ¥120.62 per share.
JAPAN PURE CHEMICAL CO., LTD. is principally engaged in the development, manufacture and sale of precious metals plating chemicals, which are mainly used in the connections of print circuit boards, connectors and lead frames for electronic components. The Company is involved primarily in functional plating, focused on the three metals of gold, silver, and palladium. Gold is used for printed circuit board and semiconductor mounting substrate applications, while gold and palladium are used for connectors. The Company distributes the products in domestic market and to overseas markets.
Japan Pure Chemical Co., Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2016; Declares Interim Dividend Payable December 1, 2016; Provides Year End Dividend Guidance for the Fiscal Year Ending March 31, 2017; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2017