NTN Corp. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Earnings Guidance for the First Half of 2016 and Full Year Ending March 31, 2016; Provides Dividend Guidance for the Second Quarter of 2016 and Full Year Ending March 31, 2016
The company provided earnings guidance for the first half of 2016 and full year ending March 31, 2016. For the first half of 2015, the company expects to report net sales of ¥355,000 million, operating income of ¥22,000 million, ordinary income of ¥20,000 million, and net income attributable to shareholder of ¥14,000 million or ¥26.33 per share.
For the year ending March 31, 2016, the company expects to report net sales of ¥725,000 million, operating income of ¥50,000 million, ordinary income of ¥45,000 million and net income attributable to shareholder of ¥31,000 million or ¥58.29 per share.
The company provided dividend guidance for the second quarter of 2016 and full year ending March 31, 2016. For the second quarter of 2015, the company expects to pay dividend of ¥5.00 per share against ¥2.50 per share, last year.
For the year ending March 31, 2016, the company expects to pay dividend of ¥5.00 per share against ¥3.50 per share, last year. Total dividend will be ¥10.00 per share against ¥6.00 per share, last year.