Toa Oil Co. Ltd. Announces Year-End Dividend for the Year Ended December 31, 2015, Payable on March 29, 2016; Provides Dividend Guidance for the Year Ending December 31, 2016; Reports Consolidated and Non Consolidated Earnings Results for the Full Year Ended December 31, 2015; Provides Consolidated and Non Consolidated Earnings Guidance for the Full Year Ending December 31, 2016
For the year ending December 31, 2016, the company expects year-end dividend of ¥4 per share compared to paid dividend of ¥4 per share a year ago.
The company reported consolidated non consolidated earnings results for the full year ended December 31, 2015. For the year, on consolidated basis net sales of ¥33,340 million compared with ¥32,686 million for the same period last year. Operating income was ¥4,925 million compared with ¥1,097 million for the same period last year. Ordinary income was ¥4,701 million compared with ¥709 million for the same period last year. Net income was ¥2,261 million compared with ¥270 million for the same period last year. Net income per share was ¥18.18 compared with ¥2.18 for the same period last year. Cash flows from operating activities was ¥12,404 million compared with ¥1,665 million for the same period last year.
For the year, on non consolidated basis net sales of ¥31,350 million compared with ¥31,258 million for the same period last year. Operating income was ¥3,817 million compared with operating loss of ¥39 million for the same period last year. Ordinary income was ¥3,955 million compared with ¥20 million for the same period last year. Net income was ¥2,076 million compared with ¥30 million for the same period last year. Net income per share was ¥16.69 compared with ¥0.24 for the same period last year. Cash flows from operating activities was ¥12,404 million compared with ¥1,665 million for the same period last year.