Nichidai Corporation reported consolidated earnings results for the second quarter ended September 30, 2012. For the quarter, the company reported net sales of JPY 6,563 million against JPY 5,726 million a year ago. Operating Income was JPY 489 million against JPY 277 million a year ago. Ordinary income was JPY 478 million against JPY 247 million a year ago. Net income was JPY 283 million or JPY 31 per basic share against JPY 149 million or JPY 16 per basic share a year ago. Net cash provided by operations amounted to JPY 1,142 million up 198.6% year-on-year basis. Net cash used in investment amounted to JPY 754 million, up 207.0% year-on-year basis. The increase is mainly attributable to an expenditure of JPY 644 million for acquisition of tangible fixed assets, such as expansion of the NICHIDAI (THAILAND)LTD and replacement of facility for the production base in Japan.

The company provided consolidated earnings results for the year ending March 31, 2012. For the period, the company expects net sales of JPY 13,500 million, operating income of JPY 1,070 million, ordinary income of JPY 1,000 million and net income of JPY 560 million or JPY 61 per share.

The company declared dividend of JPY 8 per share for the second quarter ended September 30, 2012.

The company provided dividend guidance of JPY 8 per share for the year ending March 31, 2013.