Nihon Seiko Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended September 30, 2014; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2015; Declares Dividend for the Second Quarter Ended September 30, 2014; Provides Year End Dividend Guidance for the Year Ending March 31, 2015
October 30, 2014
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Nihon Seiko Co., Ltd. Reported unaudited consolidated earnings results for the second quarter ended September 30, 2014. For the quarter, the company reported net sales of ¥6,558 million, operating income of ¥461 million, ordinary income of ¥454 million and net income of ¥288 million or ¥23.60 per share against net sales of ¥6,045 million, operating income of ¥397 million, ordinary income of ¥396 million and net income of ¥241 million or ¥19.79 per share for the same period a year ago. The company reported income before income taxes and minority interests of ¥454.785 million against ¥394.229 million for the same period a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2015. For the period, the company expected net sales of ¥12,600 million, operating income of ¥710 million, ordinary income of ¥690 million and net income of ¥410 million or ¥33.56 per share.
For the second quarter ended September 30, 2014, the company declares dividend of ¥5.00 per share against same amount declared a year ago.
For the fiscal year ending March 31, 2015, the company expected year end dividend of ¥5.00 per share against same amount declared 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 Second Quarter Ended September 30, 2014; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2015; Declares Dividend for the Second Quarter Ended September 30, 2014; Provides Year End Dividend Guidance for the Year Ending March 31, 2015