Chugoku Marine Paints, Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017; Announces Dividend for the Six Months Ended September 30, 2016, Payable on December 1, 2016; Provides Year End Dividend Guidance for the Year Ending March 31, 2017
October 27, 2016
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Chugoku Marine Paints, Ltd. announced consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported net sales of JPY 42,039 million compared to JPY 59,572 million a year ago. Operating income was JPY 2,842 million compared to JPY 5,026 million a year ago. Ordinary income was JPY 2,813 million compared to JPY 5,577 million a year ago. Profit attributable to owners of the parent company was JPY 1,489 million compared to JPY 3,488 million a year ago. Basic earnings per share were JPY 22.65 compared to JPY 52.69 a year ago.
For the year ending March 31, 2017, the company expects net sales of JPY 90,000 million compared to JPY 6,800 million, ordinary income of JPY 7,000 million and profit attributable to owners of the parent company of JPY 4,000 million or JPY 60.82 per basic share.
The company announced dividend of JPY 8.00 per share for the six months ended September 30, 2016 compared to JPY 7.00 per share for the same period last year. The starting date of dividend payout is December 1, 2016.
For the year ending March 31, 2017, the company expects to pay year-end dividend of JPY 8.00 per share compared to JPY 9.00 per share for the same period last year.
CHUGOKU MARINE PAINTS, LTD. is a Japan-based company engaged in the manufacture and sale of paint, as well as the provision of contract painting services. The Company has five geographical segments, including Japan segment, China segment, Korea segment, Southeast Asia segment and Europe and America segment. Japan segment is engaged in the manufacture and sale of paint, as well as the management of real estate business. The other four reporting segments are engaged in the manufacture and sale of paint.
Chugoku Marine Paints, Ltd. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017; Announces Dividend for the Six Months Ended September 30, 2016, Payable on December 1, 2016; Provides Year End Dividend Guidance for the Year Ending March 31, 2017
CHUGOKU MARINE PAINTS, LTD. 
