Toyo Machinery & Metal Co. Ltd. announced consolidated earnings results for the nine months ended December 31, 2016. For the nine months, the company announced net sales of JPY 20,514 million against JPY 20,123 million a year ago. Operating income was JPY 1,361 million against JPY 1,358 million a year ago. Ordinary income was JPY 1,299 million against JPY 1,371 million a year ago. Income before income taxes and minority interests was JPY 1,251 million against JPY 1,335 million a year ago. Profit attributable to owners of the parent was JPY 788 million or JPY 41.96 per basic share against JPY 1,228 million or JPY 59.60 per basic share a year ago.

For the fiscal year ending March 31, 2017, the company expects to pay year-end dividend of JPY 8.00 per share compared to JPY 10.00 per share paid a year ago.
 
The company provided consolidated earnings guidance for the full year ending March 31, 2017. For the full year, the company expects to report net sales of JPY 27,000 million, operating income of JPY 1,830 million, ordinary income of JPY 1,740 million and profit attributable to owners of the parent company of JPY 1,270 million or JPY 67.54 per share.