Sanyo Chemical Industries Ltd. reported unaudited consolidated and non consolidated earnings results for the third quarter and consolidated earnings results for the nine months ended December 31, 2015. For the period, the company reported net sales of ¥119,135 million compared to ¥124,311 million, operating income of ¥9,288 million compared to ¥5,944 million, profit attributable to owners of parent of ¥6,083 million or ¥55.17 per share compared to ¥4,210 million or ¥38.18 per share, income before income taxes and minority interests of ¥9,891 million compared to ¥6,539 million for the last year. Net cash provided by operating activities amounted to ¥16,921 million compared to ¥7,980 million in net cash provided during the same period of the previous fiscal year. This result was mainly due to the cash inflow from income before income taxes and minority interests of ¥9,891 million, depreciation and amortization of ¥6,754 million, and the increase in notes and accounts payable-trade of ¥2,920 million, which outweighed the outflow from the increase in notes and accounts receivable-trade of ¥1,692 million and income taxes paid of ¥1,892 million.

For the quarter, on consolidated basis the company reported net sales of ¥40,701 million compared to ¥41,994 million, operating income of ¥3,268 million compared to ¥2,544 million, ordinary income of ¥3,720 million compared to ¥3,301 million, profit attributable to owners of parent of ¥2,483 million compared to ¥1,932 million a year ago.

For the quarter, on non-consolidated basis the company reported net sales of ¥25,394 million compared to ¥26,978 million, operating income of ¥1,609 million compared to ¥1,111 million, ordinary income of ¥2,146 million compared to ¥1,688 million, net income of ¥1,699 million compared to ¥1,295 million a year ago.

The company revised consolidated earnings guidance for fiscal year ending March 31, 2016. On consolidated basis, the company expects net sales of ¥158,000 million, operating income of ¥12,000 million, ordinary income of ¥13,000 million and profit attributable to owners of the parent of ¥7,500 million or ¥68.02 per share against previous guidance of net sales of ¥167,045 million, operating income of ¥8,944 million, ordinary income of ¥10,278 million and profit attributable to owners of the parent of ¥5,876 million or ¥53.29 per share.

For the year ending March 31, 2016, the company expects to pay a dividend of ¥8.00 per share compared to ¥8.00 per share a year ago.