SMK Corporation announced audited consolidated earnings results for the year ended March 31, 2017. For the year the company reported consolidated net sales of ¥62,971 million compared to ¥77,206 million a year ago. Operating income was ¥630 million compared to ¥4,171 million a year ago. Ordinary income taxes were ¥1,398 million compared to ¥3,541 million a year ago. Profit attributable to owners of parent was ¥1,017 million compared to ¥2,678 million a year ago. Net income per share diluted was ¥15.16 compared to ¥37.86 a year ago. Cash provided by operating activities was ¥4,604 million compared to ¥6,211 million a year ago. Return on equity was 3.2% against 8.0% a year ago.

For the year the company reported non-consolidated net sales of ¥52,096 million compared to ¥62,818 million a year ago. Operating loss was ¥340 million compared to ¥390 million a year ago. Ordinary income taxes were ¥2,805 million compared to ¥1,163 million a year ago. Net income was ¥2,220 million compared to ¥1,481 million a year ago. Net income per share diluted was ¥33.03 compared to ¥20.90 a year ago. Net assets per share were ¥409.74 against ¥387.52 a year ago.

For the year ending March 31, 2017, the company announced to pay dividend of ¥5.00 per share compared to ¥8.00 per share paid last year, payable on June 23, 2017.

For the second quarter and full year of fiscal 2018, the company expects to pay dividend of ¥4.00 per share compared to ¥5.00 per share paid last year.

For the Second quarter of fiscal year ending March 31, 2018, the company expects net sales of ¥30,300 million, operating income of ¥400 million, Ordinary income of ¥700 million and net income of ¥500 million or ¥7.56 per share.

For the year ending March 31, 2018, the company expects net sales of ¥65,500 million, operating income of ¥2,200 million, Ordinary income of ¥2,800 million and net income of ¥1,900 million or ¥28.74 per share.