Nichidai Corporation Announces Consolidated Earnings Results for Second Quarter Ended September 30, 2013; Declares Dividend for Second Quarter 2013, Payable on December 2, 2013; Provides Dividend Guidance for Full Year Ending March 31, 2013; Provides Earnings Guidance for Year Ending March 31, 2013
October 30, 2013
Share
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.
NICHIDAI CORPORATION is a Japan-based company mainly engaged in the development, manufacturing and sales of precision-forged dies and precision-forged products, etc. The Company operates in three segments. The Net-shape segment is centered on auto parts manufacturers and engaged in manufacturing and sales of auto parts such as precision-forged dies for cold forging, scroll compressor parts for air conditioners, various gears, etc. The Assembly segment is involved in the manufacturing and sales of parts for turbochargers. The Filter segment supplies sintered metal filters that are used in the petrochemical, pharmaceutical, food, nuclear power and other fields.
Nichidai Corporation Announces Consolidated Earnings Results for Second Quarter Ended September 30, 2013; Declares Dividend for Second Quarter 2013, Payable on December 2, 2013; Provides Dividend Guidance for Full Year Ending March 31, 2013; Provides Earnings Guidance for Year Ending March 31, 2013