Nihon Seiko Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated Earnings Forecast for the First Half 2018 and Year Ending March 31, 2019; Announces the Dividend for the Year Ended March 31, 2018; Provides Dividend Guidance for the First Half 2018 and Year Ending March 31, 2019
May 10, 2018
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Nihon Seiko Co., Ltd. reported unaudited consolidated earnings results for the year ended March 31, 2018. For the period, the company reported net sales of JPY 14,528 million compared to JPY 11,511 million a year ago. Operating income was JPY 1,420 million compared to JPY 966 million a year ago. Ordinary income was JPY 1,372 million compared to JPY 955 million a year ago. Profit attributable to owners of parent was JPY 951 million compared to JPY 644 million a year ago. Earnings per share were JPY 389.55 compared to JPY 264.07 a year ago. Return on equity was 15.4% against of 11.8% a year ago. Cash flows from operating activities were JPY 773 million compared to JPY 925 million a year ago. Profit before income taxes was JPY 1,390,236,000 compared to JPY 952,904,000 a year ago. Purchase of property, plant and equipment was JPY 339,862,000 compared to JPY 469,410,000 a year ago. Purchase of intangible assets was JPY 2,128,000 compared to JPY 4,017,000 a year ago.
The company provided consolidated Earnings Forecast for the First half 2018 and Year ending March 31, 2019. For the first half 2018, the company expects net sales to be of JPY 7,400 million. Operating income expected to be of JPY 660 million. Ordinary income expected to be of JPY 610 million. Profit attributable to owners of parent expected to be of JPY 420 million. Earnings per share expected to be of JPY 172.05.
For the Year ending March 31, 2019, the company expects net sales to be of JPY 15,000 million. Operating income expected to be of JPY 1,240 million. Ordinary income expected to be of JPY 1,180 million. Profit attributable to owners of parent expected to be of JPY 810 million. Earnings per share expected to be of JPY 331.82.
The company announced the dividend for the year ended March 31, 2018. For the period, the company announced the dividend of JPY 37.50 per share compared to JPY 5.00 per share a year ago.
The company provided dividend guidance for the First half 2018 and year ending March 31, 2019. For the first half of 2018, the company expects dividend of JPY 37.50 per share compared to JPY 7.50 per share a year ago.
For the year ending March 31, 2019, the company expects dividend of JPY 37.50 per share compared to JPY 37.50 per share a year ago.
NIHON SEIKO CO., LTD. is a company mainly engaged in the manufacture and sale of antimony products and metallic powder products. The Company operates in two business segments. The Antimony segment involves in the manufacture and sale of flame retardant additives for synthetic resin products; antimony trioxide used as polymerization catalysts of polyester; antimony trisulfide used as antifriction materials of brakes, as well as sodium antimonate, among others. The Metallic Powder segment involves in the manufacture and sale of non-ferrous metal fine powder for electronic components, such as copper powder and precious metal powder for conductive paste and iron alloy powder as soft magnetic material for power inductors, as well as powder metallurgy (coarse powder) for the bearings of precision motors, such as bronze powder, brass powder, tin powder for precision motor bearings, among others. The others business includes the leasing of real estate.
Nihon Seiko Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated Earnings Forecast for the First Half 2018 and Year Ending March 31, 2019; Announces the Dividend for the Year Ended March 31, 2018; Provides Dividend Guidance for the First Half 2018 and Year Ending March 31, 2019
NIHON SEIKO CO., LTD. 