Mitachi Co., Ltd. announced consolidated earnings results for the year ended May 31, 2016. For the year, on consolidated basis, the company reported net sales of JPY 33,838 million compared to JPY 36,010 million a year ago. Operating income was JPY 616 million compared to JPY 919 million a year ago. Ordinary income was JPY 693 million compared to JPY 1,011 million a year ago. Profit attributable to owners of parent was JPY 457 million or JPY 62.23 per basic share compared to JPY 679 million or JPY 92.50 per basic share a year ago. Net assets per share were JPY 931.37 compared to JPY 918.00 a year ago. Cash flows from operating activities were JPY 630 million compared to JPY 455 million a year ago. Rate of return on equity 4.8% compared to 6.8 a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 22,874 million compared to JPY 25,547 million a year ago. Operating income was JPY 356 million compared to JPY 413 million a year ago. Ordinary income was JPY 468 million compared to JPY 555 million a year ago. Profit was JPY 275 million or JPY 37.51 per basic share compared to JPY 351 million or JPY 47.79 per basic share a year ago. Net assets per share were JPY 732.59 compared to JPY 725.16 a year ago.

For the year ending May 2017, the company expects net sales of JPY 31,000 million, operating income of JPY 550 million, ordinary income of JPY 630 million and profit attributable to owners of the parent company of JPY 430 million or JPY 58.50 per share.

For the half year ending November 2016, the company expects net sales of JPY 15,000 million, operating income of JPY 240 million, ordinary income of JPY 280 million and profit attributable to owners of the parent company of JPY 180 million or JPY 24.48 per share.