Makino Milling Machine Co. Ltd. declared final dividend of JPY 5.00 per share against JPY 4.00 per share a year ago. For the year ending March 31, 2014, the company expects dividend of JPY 5.00 per share.

Makino Milling Machine Co. Ltd. reported consolidated earnings results for the year ended March 31, 2013. For the year, the company reported net sales of JPY 126,809 million, operating income of JPY 8,084 million, ordinary income of JPY 7,602 million and net income of JPY 5,159 million or JPY 46.17 diluted per share as compared to net sales of JPY 110,460 million, operating income of JPY 5,811 million, ordinary income of JPY 5,045 million and net income of JPY 3,698 million or JPY 33.24 per share for the same period a year ago. Income before income taxes and minority interests was JPY 7,630 million compared to JPY 5,039 million a year ago. Net cash provided by operating activities was JPY 12,590 million compared to net cash used in operating activities of JPY 6,126 million a year ago. Purchase of property, plant and equipment was JPY 6,451 million compared to JPY 10,100 million a year ago. The company provided earnings guidance for the six months of fiscal 2014 and fiscal year ending March 31, 2014. For the six months of fiscal 2014, the company expects net sales of JPY 53,500 million, operating income of JPY 1,000 million, ordinary income of JPY 700 million and net income of JPY 200 million or JPY 1.80 per share. For the fiscal year ending March 31, 2014, the company expects net sales of JPY 115,000 million, operating income of JPY 5,000 million, ordinary income of JPY 4,500 million and net income of JPY 3,200 million or JPY 28.76 per share. The company declared a fiscal year end dividend of JPY 5.00 per share for the year ended March 31, 2013 compared to JPY 4.00 per share paid a year ago. The company provided dividend guidance for the six months of fiscal 2014 and fiscal year ending March 31, 2014. For the six months of fiscal 2014, the company expects to pay a dividend of JPY 5.00 per share compared to JPY 4.00 per share a year ago. For the fiscal year ending March 31, 2014, the company expects to pay a dividend of JPY 5.00 per share compared to JPY 5.00 per share a year ago.

Makino Milling Machine Co. Ltd., 2012 Earnings Call, Apr 30, 2013