Toyo Machinery & Metal Co. Ltd. announced consolidated earnings results for the six months ended September 30, 2016. For the six months, the company announced net sales of JPY 13,275 million against JPY 13,171 million a year ago. Operating income was JPY 723 million against JPY 877 million a year ago. Income before income taxes and minority interests was JPY 598 million against JPY 902 million a year ago. Profit attributable to owners of the parent was JPY 352 million or JPY 18.73 per basic share against JPY 711 million or JPY 34.53 per basic share a year ago.

The company declared dividend for the second quarter ended as on September 30, 2016, at the rate of JPY 7.00 per share compared to JPY 5.00 per share paid a year ago. Scheduled date of commencement of dividend payments is December 5, 2016.
 
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.