TOREX SEMICONDUCTOR LTD. announced consolidated earnings results for the fiscal year ended March 31, 2018. For the year, on consolidated basis the company reported net sales JPY 23,996,944,000 against JPY 21,559,622,000 a year ago. Operating profit was JPY 2,212,324,000 against JPY 1,251,098,000 a year ago. Ordinary profit was JPY 1,998,187,000 against JPY 905,707,000 a year ago. Profit before income taxes was JPY 1,970,892,000 compared to JPY 3,435,228,000 a year ago. Profit was JPY 1,409,673,000 compared to JPY 3,104,541,000 a year ago. Profit attributable to owners of parent was JPY 902,176,000 against JPY 2,930,551,000 a year ago. Diluted earnings per share were JPY 99.12 against JPY 302.79 a year ago. Ratio of ordinary profit to total assets was 7.5% against 4.7% a year ago. Net cash provided by operating activities were JPY 2,335,353,000 against JPY 1,635,310,000 a year ago. Purchase of property, plant and equipment was JPY 757,134,000 against JPY 982,332,000 a year ago. Purchases of intangible assets were JPY 159,906,000 against JPY 79,406,000 a year ago.

The company provided consolidated earnings guidance for the six months ending September 30, 2018 and year ending March 31, 2019. For the six months ending September 30, 2018, on consolidated basis, expects net sales of JPY 12,300 million, operating profit of JPY 450 million, ordinary profit of JPY 450 million, profit attributable to owners of parent of JPY 244 million and earnings per share of JPY 22.52.

For the full year ending March 31, 2019, on consolidated basis, expects net sales of JPY 26,000 million, operating profit of JPY 1,900 million, ordinary profit of JPY 1,900 million, profit attributable to owners of parent of JPY 1,050 million and net income per share of JPY 98.76.