Nissha Co., Ltd. announced consolidated earnings results for the full year ended December 31, 2017. For the year, the company reported net sales of JPY 159,518 million, operating profit of JPY 6,278 million, ordinary profit of JPY 7,578 million, profit before income taxes of JPY 7,323 million, profit attributable to owners of parent of JPY 6,734 million, diluted earnings per share of JPY 129.37. Net cash provided by operating activities was JPY 28,784 million, mainly because JPY 7,323 million of profit before income taxes and a JPY 36,711 million increase in notes and accounts payable-trade outweighed a JPY 18,547 million increase in notes and accounts receivable-trade. Purchase of property, plant and equipment of JPY 9,377 million and purchase of intangible assets of JPY 588 million. Rate of return on equity was 8.0%.

The company provided consolidated earnings guidance for the first half of fiscal 2018 and full year ending December 31, 2018. For the first half, the company expects net sales to be of JPY 81,000 million, operating loss of JPY 1,300 million, ordinary loss of JPY 1,500 million, loss attributable to owners of parent of JPY 2,400 million and loss per basic share of JPY 47.40.

For the full year, the company expected net sales to be of JPY 227,000 million, operating profit of JPY 15,000 million, ordinary profit of JPY 14,500 million, profit attributable to owners of parent of JPY 11,000 million and earnings per basic share of JPY 217.23.