Nifco Inc. announced consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of JPY 62,973 million against JPY 64,193 million a year ago. Operating profit was JPY 7,554 million against JPY 7,225 million a year ago. Ordinary income was JPY 6,146 million against JPY 7,340 million a year ago. Profit attributable to owners of parent was JPY 3,251 million or JPY 59.78 per diluted share against JPY 4,621 million or JPY 85.42 per diluted share a year ago.

For the full year ending March 31, 2017, the company expects net sales of JPY 250,000 million, operating profit of JPY 27,600 million, ordinary income of JPY 26,500 million, profit attributable to owners of parent of JPY 16,500 million and net income per share of JPY 325.42.

The company provided dividend guidance for the second quarter of fiscal 2017 and full year ending March 31, 2017. For the second quarter, the company expects to pay dividend of JPY 50.00 per share against JPY 45.00 per share, last year.

For the year ending March 31, 2017, the company expects to pay dividend of JPY 55.00 per share against JPY 60.00 per share, last year.