Sumitomo Bakelite Co. Ltd. announced consolidated and standalone earnings results for the year ended March 31, 2018. For the year, on consolidated basis, the company reported revenue of JPY 211,819 million against JPY 198,100 million a year ago. Business profit was JPY 19,251 million against JPY 16,658 million a year ago. Operating profit was JPY 18,598 million against JPY 12,061 million a year ago. Profit before tax was JPY 19,495 million against JPY 12,715 million a year ago. Profit was JPY 15,298 million against JPY 9,763 million a year ago. Profit attributable to owners of parent was JPY 15,078 million or JPY 64.07 per basic share against JPY 9,521 million or JPY 40.45 per basic share a year ago. Net cash provided by operating activities was JPY 22,054 million against JPY 23,538 million a year ago. Purchase of property, plant and equipment was JPY 10,618 million against JPY 9,065 million a year ago.

For the year, on standalone basis, the company reported net sales of JPY 90,150 million against JPY 85,778 million a year ago. Operating income was JPY 6,155 million against JPY 4,707 million a year ago. Ordinary income was JPY 7,057 million against JPY 5,954 million a year ago. Net income was JPY 4,474 million against JPY 2,375 million a year ago. Net income per share (basic) was JPY 19.01 against JPY 10.09 a year ago. Net assets per share were JPY 554.32 against JPY 540.66 a year ago.

For the fiscal year ending March 31, 2019, the company expects consolidated net sales of JPY 220,000 million, business profit of JPY 22,000 million, profit attributable to owners of parent of JPY 16,000 million and basic earnings per share of JPY 67.99.