OSG's Net Income Soars 93% in Fiscal Q1
OSG's (TYO:6136) net income attributable to owners of the parent soared 93% to 5.04 billion yen for the fiscal first quarter from 2.61 billion yen a year earlier.The machinery manufacturer's net income per share increased to 54.27 yen from 27.29 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales rose 13% to 42.6 billion yen for the three months ended Feb. 28 from 37.8 billion yen in the prior year.For the full year ending Nov. 30, the company expects attributable net income of 15.4 billion yen, net income per share of 187.46 yen, and net sales of 165 billion yen.OSG plans to pay interim and year-end dividends of 39 yen and 45 yen per share, respectively, for the current year, which is higher than the 28 yen interim and 60 yen year-end dividends paid in the prior-year period.