Shibaura Electronics Co.,Ltd. reported consolidated and non-consolidated earnings results for the fiscal year ended March 31, 2018. For the year, on consolidated basis, the company reported net sales of ¥25,289 million against ¥22,071 million a year ago. Operating income was ¥3,045 million against ¥2,394 million a year ago. Ordinary income was ¥3,071 million against ¥2,463 million a year ago. Net income attributable to owners of parent was ¥2,280 million against ¥1,818 million a year ago. Basic earnings per share were ¥295.96 against ¥235.05 per share a year ago. Rate of return on equity was 11.2% against 9.7% a year ago. Net cash flow provided by operating activities was ¥2,701 million against ¥2,514 million a year ago. This was mainly because the cash increase primarily due to income before income taxes of ¥3,035 million and depreciation of ¥1,369 million considerably exceeded the cash decrease caused chiefly by an increase of ¥831 million in notes and accounts receivable--trade and income taxes paid of ¥724 million. Income before income taxes was ¥3,035,458,000 against ¥2,445,988,000 a year ago. Purchase of property, plant and equipment was ¥1,905,416,000 against ¥1,173,685,000 a year ago. Purchase of intangible assets was ¥36,148,000 against ¥40,560,000 a year ago.

For the year, on non-consolidated basis, the company reported net sales of ¥20,475 million against ¥18,697 million a year ago. Operating income was ¥881 million against ¥666 million a year ago. Ordinary income was ¥1,094 million against ¥867 million a year ago. Net income was ¥816 million against ¥627 million a year ago. Basic earnings per share were ¥105.94 against ¥81.07 per share a year ago.

The company declared dividend of ¥75.00 per share for the year ended March 31, 2018, payable on June 29, 2018 against ¥60.00 per share paid a year ago.

The company expects to pay dividend of ¥75.00 per share for the fiscal year ending March 31, 2019 against ¥75 per share paid a year ago.

The company provided consolidated earnings guidance for the fiscal first half of 2019 and full year ending March 31, 2019. For the fiscal first half of 2019, the company expects net sales of ¥13,500 million, operating income of ¥1,570 million, ordinary income of ¥1,500 million, net income attributable to owners of parent of ¥1,120 million and basic earnings per share of ¥145.34 per share.

For the fiscal year 2019, the company expects net sales of ¥27,500 million, operating income of ¥3,170 million, ordinary income of ¥3,170 million, net income attributable to owners of parent of ¥2,370 million and basic earnings per share of ¥307.54 per share.

The company appointed Mr. Kazunao Kudo as Director, effective June 28, 2018, currently Outside Director, Sodick Co. Ltd., Mr. Tatsumi Kyoya as Audit & Supervisory Board Member, currently Head of Office of Audit & Supervisory Board Members of the company and retiring of Mr. Motokazu Nakamura as Full-time Audit & Supervisory Board Member.