Heiwa Corporation announced consolidated financial results for the first quarter ended June 30, 2019. For the quarter, on consolidated basis, the company reported net sales of JPY 36,809 million against JPY 41,628 million for the same period a year ago. Operating profit was JPY 8,102 million against JPY 12,240 million for the same period a year ago. Ordinary profit was JPY 8,172 million against JPY 12,219 million for the same period a year ago. Profit was JPY 5,857 million against JPY 8,190 million for the same period a year ago. Earnings per share were JPY 59.38 per share against JPY 83.05 per share for the same period a year ago.

For the year ending March 31, 2020, the company expects net sales to be JPY 155,700 million. Operating income is expected to be JPY 28,600 million. Ordinary income is expected to be JPY 27,700 million. Profit attributable to owners of parent is expected to be JPY 18,000 million. Earnings per share are expected to be JPY 182.48 per share.

The company also provided second quarter and year end dividend guidance for the fiscal 2020. For the second quarter, the company expects dividend of JPY 40.00 per share compared to JPY 40.00 per share a year ago.

For the year end, the company expects dividend of JPY 40.00 per share compared to JPY 40.00 per share a year ago.