Nihon Nohyaku Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended March 31, 2017; Provides Earnings Guidance for the Year Ending September 30, 2017; Announces Dividend for the Six Months Ended March 31, 2017, Payable on June 13, 2017; Provides Dividend Guidance for the Year Ending Sep. 30, 2017
May 15, 2017
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Nihon Nohyaku Co. Ltd. reported consolidated earnings results for the six months ended March 31, 2017. For the period, the company reported net sales of ¥35,489 million, operating income of ¥3,600 million, ordinary income of ¥3,794 million and profit attributable to owners of parent of ¥2,384 million or ¥35.68 per share compared to net sales of ¥29,996 million, operating income of ¥5,011 million, ordinary income of ¥4,521 million and profit attributable to owners of parent of ¥2,935 million or ¥43.91 per share reported in the same period last year. Profit before income taxes was ¥3,847 million against ¥4,490 million reported last year. Net cash used in operating activities was ¥6,780 million against ¥6,597 million reported last year. Purchase of property, plant and equipment was ¥531 million against ¥461 million reported last year. Purchase of intangible assets was ¥134 million against ¥51 million reported last year.
The company provided earnings guidance for the year ending September 30, 2017. For the year, the company expects net sales of ¥59,500 million, operating income of ¥3,900 million, ordinary income of ¥3,600 million and profit attributable to owners of parent was ¥2,200 million or ¥32.92 per share.
The company announced dividend for the six months ended March 31, 2017. For the period, the company announced dividend of ¥7.50 per share against ¥7.50 per share paid a year ago. Scheduled date to commence dividend payments is June 13, 2017.
The company provided dividend guidance for the year ending Sep. 30, 2017. For the year, the company expects dividend of ¥7.50 per share against ¥7.50 per share paid a year ago.
NIHON NOHYAKU CO., LTD. is a manufacturer and sales of agrochemicals, the manufacture of medical products and the gardening, greenery and other construction works and other businesses. The Company operates in three segments. The Agrochemical segment is engaged in the manufacture and sales of insecticides, fungicides, insecticidal fungicides, herbicides, agricultural chemicals. The Chemical Besides Agrochemical segment manufactures and sells chemicals for wood materials, pesticide materials and medicines. The Others segment is involved in the design, construction and supervision of gardening, greenery and other construction works, the leasing of real estate, the distribution and storage of agricultural chemicals, as well as the analysis of agricultural chemical residues on the crops and in the environment.
Nihon Nohyaku Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended March 31, 2017; Provides Earnings Guidance for the Year Ending September 30, 2017; Announces Dividend for the Six Months Ended March 31, 2017, Payable on June 13, 2017; Provides Dividend Guidance for the Year Ending Sep. 30, 2017