NIC Autotec, Inc. Announces Consolidated and Non Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Full Year Ending March 2020; Announces Year End Dividend for the Year Ended March 31, 2019, Payable on June 24, 2019; Provides Dividend Guidance for the Second Quarter End and Year End for the Year Ending March 31, 2020
May 10, 2019 at 04:00 am
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NIC Autotec, Inc. announced consolidated and Non consolidated earnings results for the year Ended March 31, 2019. On consolidated basis, the company reported net sales of ¥8,715 million against ¥9,260 million a year ago. Operating income was ¥738 million against ¥1,028 million a year ago. Ordinary income was ¥746 million against ¥1,032 million a year ago. Profit attributable to owners of parent was ¥492 million or ¥90.36 per basic share against ¥695 million or ¥127.67 per basic share a year ago.
For the year, on non consolidated basis, the company reported net sales of ¥8,683 million against ¥9,259 million a year ago. Operating income was ¥804 million against ¥1,083 million a year ago. Ordinary income was ¥812 million against ¥1,088 million a year ago. Profit was ¥468 million or ¥86.00 per basic share against ¥685 million or ¥125.87 per basic share a year ago.
For the year ending March 2020, the company expects, on consolidated basis, net sales of ¥9,050 million, operating profit of ¥771 million, ordinary profit of ¥771 million, net income of ¥507 million or ¥93.05 per basic share.
For the year, the company announced year end dividend of JPY 20.00 per share against JPY 23.00 per share paid for the same period a year ago. The dividend will be payable on June 24, 2019.
The company expected dividend of JPY 19.00 per share for the second quarter of fiscal year ending March 31, 2020 against JPY 19.00 per share announced for the same period a year ago.
The company expected dividend of JPY 20.00 per share for the year ending March 31, 2020 against JPY 20.00 per share announced for the same period a year ago.
NIC Autotec, Inc. is a Japan-based company mainly engaged in the manufacture and sale of industrial machinery and parts. The Company operates in three business segments. The Alfa Frame segment is engaged in the development, design, manufacture and sale of aluminum construction frames and auxiliary parts for frames under the brand ALFA FRAME SYSTEM. The Device segment develops, designs, manufactures and sells devices constructed from Alfa Frames, such as cleaning machines, conveyors and packaging equipment, inspection equipment and clean booth products, as well as aluminum structures, including equipment structures and safe covers, among others. The Trading segment is engaged in the provision of industrial grindstones, machinery and equipment such as cutting processing machines, tools such as end mills, bolts and drills, as well as lubricants.
NIC Autotec, Inc. Announces Consolidated and Non Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Full Year Ending March 2020; Announces Year End Dividend for the Year Ended March 31, 2019, Payable on June 24, 2019; Provides Dividend Guidance for the Second Quarter End and Year End for the Year Ending March 31, 2020
NIC AUTOTEC, INC. 
