Dainichiseika Color & Chemicals Mfg Co. Ltd. announced that they will report fiscal year 2013 results on May 10, 2013

Dainichiseika Color & Chemicals Mfg Co. Ltd. announced consolidated earnings results for the nine months ended December 31, 2012. For the period, the company reported net sales of ¥113,613 million against ¥118,373 million a year ago. Operating income was ¥6,761 million against ¥6,949 million a year ago. Income before income taxes and minority interests was ¥7,230 million against ¥6,053 million a year ago. Net income was ¥4,644 million or ¥50.02 per basic share against ¥3,677 million or ¥39.60 per basic share a year ago. Net sales for the nine months ended December 31, 2012 decreased down by 4.0% compared with the same period of the previous fiscal year, in part because of the drop in net sales of a subsidiary in Thailand which suffered from flood damage and was being restored. Operating income decreased down by 2.7% compared with the same period of the previous fiscal year, mostly due to a decline in net sales, while ordinary income increased to ¥7,137 million, up by 4.4%, mainly reflecting a shift from foreign exchange losses to foreign exchange gains due to the falling yen. Net income increased up by 26.3%, due to posting of insurance income for the floods in Thailand as extraordinary income, and a decrease in the loss on valuation of investment securities included in extraordinary loss. The company provided dividend guidance for the fiscal year ending March 31, 2013. The company expects to pay year end dividend of ¥6.00 per share. For the full year ending March 31, 2013, the company expects to report net sales of ¥160,000 million, operating income of ¥9,100 million, ordinary income of ¥9,100 million and net income of ¥5,400 million or ¥58.15 per share.

Dainichiseika Color & Chemicals Mfg Co. Ltd. announced that they will report Q3, 2013 results on Feb 08, 2013