Seed Co., Ltd. reported consolidated earnings results for the six months ended September 30, 2017. For the six months, the company reported net sales of JPY 13,809 million compared to JPY 12,029 million a year ago. Operating income was JPY 1,193 million compared to JPY 766 million a year ago. Ordinary income was JPY 1,251 million compared to JPY 591 million a year ago. Net income attributable to owners of parent was JPY 878 million compared to JPY 325 million a year ago. Net income per share was JPY 105.28 compared to JPY 39.01 a year ago. Income before income taxes was JPY 1,252.241 million compared to JPY 537.053 million a year ago. Net cash provided by operating activities was JPY 2,297.25 million compared to JPY 1,161.333 million a year ago. Purchase of property, plant and equipment was JPY 1,395.463 million compared to JPY 1,540.643 million a year ago.

The company provided consolidated earnings guidance for the full year ending March 31, 2018. For the period, the company expects net sales of JPY 27,600 million, operating income of JPY 2,000 million, ordinary income of JPY 2,000 million, and net income attributable to owners of parent of JPY 1,400 million or JPY 80.29 per share.