Heiwa Paper Co.,Ltd. Announces Year End Dividend for the Fiscal Year Ended March 31, 2016, Payable on June 30, 2016; Provides Interim Dividend and Year End Dividend Outlook for the Fiscal Year 2017; Reports Consolidated and Non Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Outlook for First Half and Full Year of 2017
May 12, 2016 at 12:00 pm
Share
Heiwa Paper Co.,Ltd. reported consolidated and non consolidated earnings results for the year ended March 31, 2016. For the period, on consolidated basis, the company's net sales were ¥20,305 million against ¥20,523 million a year ago. Operating income was ¥319 million against ¥375 million a year ago. Ordinary income was ¥394 million against ¥404 million a year ago. Profit attributable to owners of parent was ¥237 million against ¥221 million a year ago. Basic earnings per share were ¥24.04 against ¥22.43 a year ago. Return on equity was 2.9% against 2.8% a year ago. Cash flows from operating activities were ¥82 million against ¥212 million a year ago.
For the period, on non consolidated basis, the company's net sales were ¥19,157 million against ¥19,267 million a year ago. Operating income was ¥287 million against ¥287 million a year ago. Ordinary income was ¥368 million against ¥356 million a year ago. Profit was ¥219 million against ¥174 million a year ago. Basic earnings per share were ¥22.28 against ¥17.66 a year ago.
For six months ending September 2016, the company expects net sales of ¥10,076 million, operating income of ¥115 million, ordinary income of ¥155 million and profit attributable to owners of parent of ¥100 million or ¥10.13 per basic share.
For six months ending March 2017, the company expects net sales of ¥20,500 million, operating income of ¥343 million, ordinary income of ¥398 million and profit attributable to owners of parent of ¥261 million or ¥26.46 per basic share.
The company announced year end dividend of ¥7.00 per share for the fiscal year ended March 31, 2016 compared to ¥5.00 per share a year ago, payable on June 30, 2016.
The company expects interim dividend of ¥5.00 per share and year end dividend of ¥5.00 per share for the fiscal year 2017.
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 the Fiscal Year Ended March 31, 2016, Payable on June 30, 2016; Provides Interim Dividend and Year End Dividend Outlook for the Fiscal Year 2017; Reports Consolidated and Non Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Earnings Outlook for First Half and Full Year of 2017