Kikusui Chemical Industries Co., Ltd. Announces Consolidated and Non Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Consolidated Earnings Guidance for the First Half and Full Year Ending March 31, 2017; Declares Dividend for the Year Ended March 31, 2016 Payable on June 30, 2016; Provides Dividend Guidance for the Second Quarter and Year Ending March 31, 2017
May 11, 2016
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Kikusui Chemical Industries Co., LTD. announced consolidated earnings results for the year ended March 31, 2016. For the quarter, the company reported net sales of JPY 21,961 million against JPY 20,975 million a year ago. Operating income was JPY 572 million against JPY 913 million a year ago. Profit attributable to owners of parent was JPY 392 million against JPY 261 million a year ago. Earnings per share were JPY 31.43 against JPY 23.74 a year ago. Return on equity was 4.1% against 3.0% a year ago. Cash inflows from operating activities was JPY 178 million against JPY 378 million a year ago.
For the year on non-consolidated basis the company reported net sales of JPY 21,067 million against JPY 20,166 million a year ago. Operating income was JPY 592 million against JPY 919 million a year ago. Net income was JPY 407 million against JPY 277 million a year ago. Earnings per share were JPY 32.63 against JPY 25.12 a year ago.
The company provided consolidated earnings guidance for the full year ended March 31, 2017. For the period, net sales were expected to be at JPY 23,120 million. Operating income expected to be at JPY 235 million. Profit attributable to owners of parent was expected to be at JPY 149 million. EPS expected at JPY 11.97.
The company provided consolidated earnings guidance for the first half year of fiscal 2017. For the period, net sales were expected to be at JPY 23,120 million. Operating income expected to be at JPY 621 million. Profit attributable to owners of parent was expected to be at JPY 648 million. EPS expected at JPY 31.85.
The company declared dividend of JPY 9.00 per share for the year ended March 31, 2016, payable on June 30, 2016.
The company provided dividend guidance for the second quarter of fiscal year 2017. The company provided dividend guidance of JPY 7.00 per share against JPY 7.00 per share paid a year ago.
The company provided dividend guidance for the year ending March 31, 2017. The company provided dividend guidance of JPY 9.00 per share against JPY 9.00 per share paid a year ago.
KIKUSUI CHEMICAL INDUSTRIES CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of building finishing materials, building base preparation materials, tile adhesives, building civil engineering materials, the sales of related products, and renovation work. Architectural finishing materials are used for decoratively finishing the inner and outer walls of buildings. The building base adjustment materials are used for base adjustment of interior and exterior finishing work. The tile adhesive materials are used for attaching a tile to a wall surface. Architectural civil engineering materials include auxiliary paper and other materials for drawing architectural finishing materials onto walls to draw patterns. Building refresh is a building renovation work.
Kikusui Chemical Industries Co., Ltd. Announces Consolidated and Non Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Consolidated Earnings Guidance for the First Half and Full Year Ending March 31, 2017; Declares Dividend for the Year Ended March 31, 2016 Payable on June 30, 2016; Provides Dividend Guidance for the Second Quarter and Year Ending March 31, 2017
KIKUSUI CHEMICAL INDUSTRIES CO., LTD. 
