Heiwa Paper Co.,Ltd. Announces Year-End Dividend for Year Ended March 31, 2018, Payable on June 29, 2018; Provides Second Quarter and Year-End Dividend Guidance for the Year Ending March 2019; Heiwa Paper Co.,Ltd. Reports Consolidated and Non Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Outlook for Full Year of 2019
May 11, 2018 at 03:00 am
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Heiwa Paper Co.,Ltd. announced year-end dividend of ¥5.00 per share for the year ended March 31, 2018. Payable on June 29, 2018. The company paid ¥5.00 per share paid for same period a year ago.
The company expects second quarter and year-end dividend of ¥5.00 per share for the year ending March 2019.
The company reported consolidated and non-consolidated earnings results for the year ended March 31, 2018. For the year, on consolidated basis, the company's net sales were ¥19,050 million against ¥19,577 million a year ago. Operating income was ¥210 million against ¥199 million a year ago. Ordinary income was ¥306 million against ¥266 million a year ago. Profit attributable to owners of parent was ¥288 million against ¥172 million a year ago. Basic earnings per share were ¥29.68 against ¥17.46 a year ago. Return on equity was 3.4% against 2.1% a year ago. Cash flows from operating activities were ¥256 million against ¥415 million a year ago.
For the year, on non-consolidated basis, the company's net sales were ¥17,983 million against ¥18,470 million a year ago. Operating income was ¥195 million against ¥165 million a year ago. Ordinary income was ¥296 million against ¥253 million a year ago. Profit was ¥82 million against ¥168 million a year ago. Basic earnings per share were ¥8.46 against ¥17.09 a year ago.
For the year ending March 2019, the company expects net sales of ¥19,415 million, operating income of ¥233 million, ordinary income of ¥312 million and profit attributable to owners of parent of ¥217 million or ¥22.34 per basic share.
HEIWA PAPER CO.,LTD. is engaged in the Japanese paper and Western paper wholesale business. The Japanese and Western paper wholesale business sells Japanese and Western paper. The warehousing and paper processing business is involved in the delivery, storage and packing of its products, as well as the paper processing business.
Heiwa Paper Co.,Ltd. Announces Year-End Dividend for Year Ended March 31, 2018, Payable on June 29, 2018; Provides Second Quarter and Year-End Dividend Guidance for the Year Ending March 2019; Heiwa Paper Co.,Ltd. Reports Consolidated and Non Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Earnings Outlook for Full Year of 2019