Japan Pure Chemical Co., Ltd. Announces Non Consolidated Earnings Results Year Ended March 31, 2016; Provides Earnings Guidance for the Six Months Ending September 30,2016 and Year Ending March 31, 2017; Declares Year-End Dividend for the Fiscal 2016 Payable on June 20, 2016; Provides Dividend Guidance for the Period Ending September 30, 2016 and Year Ending March 31, 2017
April 24, 2016
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Japan Pure Chemical Co., Ltd. announced non-consolidated earnings results year ended March 31, 2016. For the year, the company reported sales were JPY 8,429 million compared with JPY 9,556 million a year ago. Operating income was JPY 957 million compared with JPY 1,109 million a year ago. Ordinary income was JPY 1,047 million compared with JPY 1,176 million a year ago. Net income was JPY 708 million compared with JPY 768 million a year ago. Net income per diluted share was JPY 120.68 compared with JPY 131.44 a year ago. Rate of return on equity was 8.1% compared with 9.3% a year ago. Income before income taxes wad JPY 1,048,301,000 compared with JPY 1,181,928,000 a year ago. Net cash provided by operating activities was JPY 650,220,000 compared with JPY 784,625,000 a year ago. Purchase of property, plant and equipment was JPY 46,199,000 compared with JPY 13,568,000 a year ago.
The company provided earnings guidance for the six months ending September 30, 2016 and year ending March 31, 2017. For the six months, the company expects sales of JPY 4,400 million, operating income of JPY 520 million, ordinary income of JPY 570 million, net income of JPY 400 million and net income per share of JPY 68.48.
For the year, the company expects sales of JPY 8,900 million, operating income of JPY 1,100 million, ordinary income of JPY 1,190 million, net income of JPY 830 million and net income per share of JPY 142.09.
The company declared a year-end dividend of JPY 40.00 per share for the fiscal 2016 against JPY 40.00 per share a year ago. Beginning of dividend payment is June 20, 2016.
The company expects to pay a dividend of JPY 40.00 per share for the period ending September 30, 2016 against JPY 40.00 per share a year ago.
The company expects to pay a year-end dividend of JPY 40.00 per share for the year ending March 31, 2017 against JPY 40.00 per share a year ago.
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 Non Consolidated Earnings Results Year Ended March 31, 2016; Provides Earnings Guidance for the Six Months Ending September 30,2016 and Year Ending March 31, 2017; Declares Year-End Dividend for the Fiscal 2016 Payable on June 20, 2016; Provides Dividend Guidance for the Period Ending September 30, 2016 and Year Ending March 31, 2017