SourceNext Corporation announced consolidated earnings results for the year ended March 31, 2018. For the year, the company reported net sales of JPY 9,494,658,000 compared to JPY 9,340,988,000 a year ago. Operating profit was JPY 1,237,942,000 compared to JPY 1,573,169,000 a year ago. Ordinary profit was JPY 1,258,729,000 compared to JPY 1,593,034,000 a year ago. Profit before income taxes was JPY 1,817,945,000 compared to JPY 1,577,867,000 a year ago. Profit attributable to owners of parent was JPY 1,261,194,000 or JPY 20.36 per share compared to JPY 1,070,828,000 a year ago. Net cash used in operating activities was JPY 181,406,000 against net cash provided by operating activities was JPY 1,402,465,000 a year ago. Purchase of property, plant and equipment was JPY 14,492,000 against JPY 305,722,000 a year ago.

The company provided consolidated earnings guidance for the six months year ending March 31, 2019. For the six months, the company expects net sales of JPY 6,418 million, operating profit of JPY 478 million, ordinary profit of JPY 480 million and profit attributable to owners of parent of JPY 345 million or JPY 5.57 per share.

For the year, the company expects net sales of JPY 16,807 million, operating profit of JPY 2,499 million, ordinary profit of JPY 2,502 million and profit attributable to owners of parent of JPY 1,818 million or JPY 29.37 per share.