Aica Kogyo Company, Limited Provides Dividend Guidance for the Year Ending March 31, 2017; Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
January 31, 2017 at 10:30 am
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Aica Kogyo Company, Limited provided dividend guidance for the year ending March 31, 2017. The company expects year-end dividend of ¥42.00 per share against ¥25.00 per share last year. Full year dividend is expected to be ¥80.00 per share against ¥46.00 per share paid last year.
The company announced consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of ¥110,053 million against ¥108,167 million a year ago. Operating income was ¥13,557 million against ¥11,594 million a year ago. Ordinary income was ¥13,841 million against ¥11,949 million a year ago. Profit attributable to owners of parent was ¥8,441 million or ¥129.23 per diluted share against ¥7,194 million or ¥110.13 per diluted share a year ago. Profit before income taxes was ¥13,507 million against ¥11,949 million a year ago.
For the year ending March 31, 2017, the company expects net sales of ¥152,000 million, operating income of ¥17,800 million, ordinary income of ¥18,000 million, profit attributable to the owners of parent of ¥10,800 million or ¥165.42 per share.
Aica Kogyo Co Ltd is mainly engaged in the manufacture and sales of chemical products and building materials. The Company operates in two segments. The Chemical Product segment offers interior and exterior finishing materials, flooring materials, adhesives and organic solids. The Construction Material and Equipment segment offers melamine facing plates, coated plywood boards, doors, interior materials, counters and nonflammable dressed lumbers. The Company operates its businesses in Japan and overseas.
Aica Kogyo Company, Limited Provides Dividend Guidance for the Year Ending March 31, 2017; Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017