Kikusui Chemical Industries Co., Ltd. Announces Consolidated and Non Consolidated Earnings Results for the Year Ended June 30, 2017; Provides Consolidated Earnings Guidance for the First Half and Full Year Ending March 31, 2018; Announces Year End Dividend for the Year Ended June 30, 2017 Payable June 30, 2017; Provides Interim and Year End Dividend Forecast for the Year Ended June 30, 2018
May 11, 2017
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Kikusui Chemical Industries Co., LTD. announced consolidated earnings results for the year ended March 31, 2017. For the quarter, the company reported net sales of JPY 20,511 million against JPY 21,961 million a year ago. Operating income was JPY 213 million against JPY 572 million a year ago. Profit attributable to owners of parent was JPY 209 million against JPY 392 million a year ago. Earnings per share were JPY 16.77 against JPY 31.43 a year ago. Return on equity was 2.2% against 4.1% a year ago. Cash inflows from operating activities was JPY 446 million against cash outflows JPY 178 million a year ago. Ordinary income was JPY 287 million against JPY 623 million a year ago.
For the year on non-consolidated basis the company reported net sales of JPY 19,619 million against JPY 21,067 million a year ago. Operating income was JPY 217 million against JPY 592 million a year ago. Net income was JPY 201 million against JPY 407 million a year ago. Earnings per share were JPY 16.08 against JPY 32.63 a year ago. Ordinary income was JPY 270 million against JPY 640 million a year ago.
The company provided consolidated earnings guidance for the full year ending March 31, 2018. For the period, net sales were expected to be at JPY 22,860 million. Operating income expected to be at JPY 431 million. Profit attributable to owners of parent was expected to be at JPY 270 million. EPS expected at JPY 21.58. Ordinary income expected to JPY 455 million.
The company provided consolidated earnings guidance for the first half year of fiscal 2017. For the period, net sales were expected to be at JPY 10,760 million. Operating income expected to be at JPY 113 million. Profit attributable to owners of parent was expected to be at JPY 47 million. EPS expected at JPY 3.75.
For the year ended March 31, 2017, the company announced year end dividend of JPY 9.00 per share compared to JPY 9.00 per share declared last year. Scheduled date of payment of cash dividends is June 30, 2017
For the year ending March 31, 2018, the company announced interim dividend forecast of JPY 7.00 per share compared to JPY 7.00 per share declared last year.
For the year ending March 31, 2018, the company announced year end dividend forecast of JPY 9.00 per share compared to JPY 9.00 per share declared last year.
KIKUSUI CHEMICAL INDUSTRIES CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of building finishing materials, building base preparation materials, tile adhesives, building civil engineering materials, the sales of related products, and renovation work. Architectural finishing materials are used for decoratively finishing the inner and outer walls of buildings. The building base adjustment materials are used for base adjustment of interior and exterior finishing work. The tile adhesive materials are used for attaching a tile to a wall surface. Architectural civil engineering materials include auxiliary paper and other materials for drawing architectural finishing materials onto walls to draw patterns. Building refresh is a building renovation work.
Kikusui Chemical Industries Co., Ltd. Announces Consolidated and Non Consolidated Earnings Results for the Year Ended June 30, 2017; Provides Consolidated Earnings Guidance for the First Half and Full Year Ending March 31, 2018; Announces Year End Dividend for the Year Ended June 30, 2017 Payable June 30, 2017; Provides Interim and Year End Dividend Forecast for the Year Ended June 30, 2018
KIKUSUI CHEMICAL INDUSTRIES CO., LTD. 
