Otsuka Kagu, Ltd. reported non-consolidated earnings results for the year ended December 31, 2016. For the year, on consolidated basis, the company reported net sales of JPY 46,307 million, operating loss of JPY 4,597 million, ordinary loss of JPY 4,436 million, loss of JPY 4,567 million or JPY 257.10 per share, loss before income taxes of JPY 4,108.609 million, negative return on equity of 15.1%, net cash provided by operating activities of JPY 5,770.643 million, purchase of property, plant and equipment of JPY 1,387.375 million, purchase of intangible assets of JPY 51.735 million against net sales of JPY 58,004 million, operating income of JPY 437 million, ordinary income of JPY 633 million, profit of JPY 359 million or JPY 19.38 per share, income before income taxes of JPY 604.298 million, return on equity of 1.0%, net cash provided by operating activities of JPY 269.153 million, purchase of property, plant and equipment of JPY 57.156 million, purchase of intangible assets of JPY 17.029 million a year ago. Capital expenditure were JPY 509 million against JPY 97 million for the same period a year ago.


For the six months ending June 30, 2017, the company expects net sales of JPY 26,119 million, operating loss of JPY 300 million, ordinary loss of JPY 223 million, loss of JPY 319 million or JPY 18.00 per share.

For the year ending December 31, 2017, the company expects net sales of JPY 53,019 million, operating income of JPY 500 million, ordinary income of JPY 601 million, profit of JPY 367 million or JPY 20.71 per share. The company expects capital expenditure to be JPY 512 million.

The company announced dividend for the year ended December 31, 2016. For the year, the company announced year-end dividend of JPY 80.00 per share compared to JPY 80.00 per share paid for the same period a year ago. The dividend payment date is March 27, 2017.

The company provided dividend guidance for the year ending December 31, 2017. For the year, the company expects to pay year-end dividend of JPY 40.00 per share compared to JPY 80.00 per share for the same period a year ago.