Nichidai Corporation announced consolidated earnings results for second quarter ended September 30, 2013. For the quarter, the company reported net sales of ¥6,687 million, operating income of ¥412 million, ordinary income of ¥439 million, net income of ¥274 million or ¥30.31 earnings per share compared to the net sales of ¥6,563 million, operating income of ¥489 million, ordinary income of ¥478 million, net income of ¥283 million or ¥31.33 earnings per share, for the same quarter a year ago. The company announced that net cash used in investment amounted to ¥519 million (down 31.2% year-on-year). The increase is mainly attributable to an expenditure of ¥675 million for acquisition of tangible fixed assets, and upgrade of equipment for the Net-Shape Business. Net cash provided by operations amounted to ¥1,226 million (up 7.3% year-on-year). Factors increases are increases of ¥451 million of net income before taxation, ¥353 million of depreciation, ¥103 million in allowance for bonus, a decrease of ¥215 million in trade receivables and a decrease of ¥142 million in inventories.

The company announced dividend of ¥8.00 for the second quarter 2013, payable on December 2, 2013.

The company expect dividend of ¥16.00 for the full year 2013.

The company announced earnings guidance for the full year ending March 31, 2014. The company expects net sales of ¥13,500 million, operating income of ¥1,000 million, ordinary income of ¥950 million, net income of ¥520 million and earnings per share ¥57.45.