Otsuka Kagu, Ltd. Reports Non-Consolidated Earnings Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Six Months Ending June 30, 2017 and Year Ending December 31, 2017; Declares Dividend for the Year Ended December 31, 2016, Payable on March 27, 2017; Provides Dividend Guidance for the Year Ending December 31, 2017
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.