Kewpie Corporation announced consolidated earnings results for the fiscal year ended November 30, 2017. For the year, the company reported net sales of JPY 561,688 million compared to JPY 552,306 million last year. Operating income was JPY 31,261 million compared to JPY 29,818 million last year. Ordinary income was JPY 32,511 million compared to JPY 31,364 million last year. Profit before income taxes was JPY 30,783 million compared to JPY 30,290 million last year. Profit attributable to owners of parent was JPY 18,099 million compared to JPY 17,093 million last year. Earnings per share was JPY 121.05 compared to JPY 113.47 last year. Return on equity was 8.2% compared to 8.0% last year. Net cash provided by operating activities was JPY 27,234 million compared to JPY 45,260 million last year. Purchases of tangible fixed assets was JPY 25,499 million compared to JPY 31,148 million last year. Purchases of intangible fixed assets was JPY 1,169 million compared to JPY 1,290 million last year. Free cash outflow was JPY 4,186 million or JPY 28.00 per share compared to free cash inflow of JPY 13,213 million or JPY 87.72 per share last year.

For the six months ending May 31, 2018, the company expects net sales of JPY 286,400 million, operating income of JPY 15,600 million, ordinary income of JPY 15,900 million, profit attributable to owners of parent of JPY 8,500 million and earnings per share of JPY 57.81.

For the year ending November 30, 2018, the company expects net sales of JPY 580,000 million, operating income of JPY 33,000 million, ordinary income of JPY 34,100 million, profit attributable to owners of parent of JPY 18,600 million and earnings per share of JPY 126.49.