Nisshin Steel Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017; Not to Pay Second Quarter Dividend for Year Ending March 31, 2017
The company provided consolidated earnings guidance for the year ending March 31, 2017. For the year, the company expects net sales of ¥561,000 million, operating income of ¥11,000 million, ordinary income of ¥7,500 million and profit attributable to owners of parent of ¥3,000 million or ¥27.37 per share.
For the second quarter of fiscal 2017, the company announced dividend of ¥0.00 per share compared to ¥15.00 per share in last year.