Sanyo Denki Co., Ltd. announced consolidated and non-consolidated earnings results for the full year ended March 31, 2017. For the period, the company reported net sales of JPY 74,798 million compared to JPY 80,282 million a year ago. Operating income was JPY 5,390 million compared to JPY 5,342 million a year ago. Ordinary income was JPY 5,504 million compared to JPY 5,387 million a year ago. Profit attributable to owners of parent company was JPY 4,066 million or JPY 66.41 per share compared to JPY 3,685 million or JPY 59.34 per share a year ago. Income before income taxes was JPY 5,448 million compared to JPY 5,385 million a year ago. Net cash provided by operating activities was JPY 5,588 million compared to JPY 4,863 million a year ago. This is mainly attributable to income before income taxes of JPY 5,448 million, an increase of JPY 2,203 million in notes and accounts receivable ­ trade, and depreciation and amortization of JPY 2,182 million. Purchase of property, plant and equipment was JPY 1,279 million compared to JPY 2,180 million a year ago. Purchase of intangible fixed assets was JPY 201 million compared to JPY 147 million a year ago.

For the period on non-consolidated basis, the company reported net sales of JPY 60,702 million compared to JPY 60,301 million a year ago. Operating income was JPY 3,061 million compared to JPY 2,851 million a year ago. Ordinary income was JPY 3,874 million compared to JPY 3,516 million a year ago. Profit was JPY 2,955 million or JPY 48.27 per share compared to JPY 2,272 million or JPY 36.60 per share a year ago. Income before income taxes was JPY 3,818 million compared to JPY 3,230 million a year ago.

For the interim period of 2018, the company expects sales revenue of JPY 40,800 million, operating income of JPY 3,100 million, profit before tax of JPY 3,200 million and profit attributable to owners of parent company of JPY 2,400 million or JPY 39.25 per share.

For the year ending March 31, 2018, the company expects sales revenue of JPY 82,500 million, operating income of JPY 6,500 million, profit before tax of JPY 6,600 million and profit attributable to owners of parent company of JPY 4,900 million or JPY 80.14 per share.