Nihon Seiko Co., Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Earnings Guidance for the First Half of Fiscal 2016 and Full Year Ending March 31, 2016; Provides Dividend Guidance for the Second Quarter of Fiscal 2016 and Fiscal Year Ending March 31, 2016
July 30, 2015
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Nihon Seiko Co., Ltd. reported unaudited consolidated earnings results for the first quarter ended June 30, 2015. For the first quarter, the company reported net sales of ¥3,352,671,000 compared to ¥3,389,311,000 a year ago. Operating income was ¥257,876,000 compared to ¥242,329,000 a year ago. Ordinary income was ¥258,775,000 compared to ¥227,363,000 a year ago. Profit attributable to owners of parent was ¥170,292,000 compared to ¥145,864,000 a year ago. Income before income taxes and minority interests was ¥257,828,000 against ¥227,154,000 a year ago. EPS was ¥13.94 against ¥11.94 a year ago.
The company provided earnings guidance for the first half of fiscal 2016 and full year ending March 31, 2016. For the first half, the company expects to report net sales of ¥6,900 million, operating income of ¥500 million, ordinary income of ¥480 million, profit attributable to owners of parent of ¥300 million and EPS of ¥24.56 per share.
For the full year, the company expects to report net sales of ¥13,900 million, operating income of ¥1,000 million, ordinary income of ¥980 million, profit attributable to owners of parent of ¥610 million and EPS of ¥49.94 per share.
For the second quarter, the company expected dividend of ¥5 per share compared to ¥5 per share a year ago.
For the fiscal year ending March 31, 2016, the company expected year-end dividend of ¥5 per share compared to ¥7 per share a year ago.
NIHON SEIKO CO., LTD. is a company mainly engaged in the manufacture and sale of antimony products and metallic powder products. The Company operates in two business segments. The Antimony segment involves in the manufacture and sale of flame retardant additives for synthetic resin products; antimony trioxide used as polymerization catalysts of polyester; antimony trisulfide used as antifriction materials of brakes, as well as sodium antimonate, among others. The Metallic Powder segment involves in the manufacture and sale of non-ferrous metal fine powder for electronic components, such as copper powder and precious metal powder for conductive paste and iron alloy powder as soft magnetic material for power inductors, as well as powder metallurgy (coarse powder) for the bearings of precision motors, such as bronze powder, brass powder, tin powder for precision motor bearings, among others. The others business includes the leasing of real estate.
Nihon Seiko Co., Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Earnings Guidance for the First Half of Fiscal 2016 and Full Year Ending March 31, 2016; Provides Dividend Guidance for the Second Quarter of Fiscal 2016 and Fiscal Year Ending March 31, 2016