Toa Oil Co. Ltd. Announces Dividend for the Year Ended December 31, 2016, payable on March 29, 2017; Provides Dividend Guidance for the Year Ending December 31, 2017; Reports Consolidated and Non Consolidated Earnings Results for the Full Year Ended December 31, 2016; Provides Consolidated and Non Consolidated Earnings Guidance for the Six Months Ending June 2017 and Year Ending December 31, 2017
The company provided dividend guidance for the year ending December, 31, 2017. The company expects year-end dividend of ¥4 per share compared to ¥4 per share paid a year ago.
The company reported consolidated non consolidated earnings results for the full year ended December 31, 2016. For the year, on consolidated basis net sales of ¥30,557 million compared with ¥33,340 million for the same period last year. Operating income was ¥3,438 million compared with ¥4,925 million for the same period last year. Ordinary income was ¥3,318 million compared with ¥4,701 million for the same period last year. Profit attributable to owners of parent was ¥2,315 million compared with ¥2,261 million for the same period last year. Net income per share was ¥18.61 compared with ¥18.18 for the same period last year. Cash flows from operating activities was ¥6,738 million compared with ¥12,404 million for the same period last year.
For the year, on non consolidated basis net sales of ¥27,874 million compared with ¥31,350 million for the same period last year. Operating income was ¥2,825 million compared to ¥3,817 million for the same period last year. Ordinary income was ¥3,100 million compared with ¥3,955 million for the same period last year. Profit was ¥2,414 million compared with ¥2,076 million for the same period last year. Net income per share was ¥19.41 compared with ¥16.69 for the same period last year.
On consolidated basis, the company expects net sales of ¥30,500 million, operating income of ¥3,630 million, ordinary income of ¥3,550 million and profit attributable to owners of parent of ¥2,280 million or ¥18.33 per basic share for the year ending December 31, 2017.
On consolidated basis, the company expects net sales of ¥14,000 million, operating income of ¥1,680 million, ordinary income of ¥3,330 million and profit attributable to owners of parent of ¥1,200 million or ¥9.65 per basic share for the six months period ending June 2017.
On non-consolidated basis, the company expects net sales of ¥28,800 million, ordinary income of ¥3,330 million and profit of ¥2,390 million or ¥19.21 per basic share for the year ending December 31, 2017.
On non-consolidated basis, the company expects net sales of ¥13,500 million, ordinary income of ¥1,900 million and profit of ¥1,500 million or ¥12.06 per basic share for the six months period ending June 2017.