Toyo Denki Seizo K.K. reported unaudited consolidated earnings results for the fiscal year ended May 31, 2017. For the period, the company reported net sales of JPY 40,668 million against JPY 39,746 million a year ago. Operating income was JPY 1,571 million against JPY 1,638 million a year ago. Ordinary income was JPY 1,663 million against JPY 1,492 million a year ago. Net income attributable to owners of the parent was JPY 1,174 million against JPY 889 million a year ago. Net income per share was JPY 123.87 against JPY 92.33 a year ago. Net assets per share as of May 31, 2017 were JPY 2,605.09. Income before income taxes was JPY 1,707 million against JPY 1,404 million a year ago. Net cash provided by operating activities was JPY 1,505 million against JPY 1,135 million a year ago. Purchases of property, plant and equipment were JPY 3,901 million against JPY 451 million a year ago. Purchases of intangible assets were JPY 619 million against JPY 336 million a year ago.

The company provided consolidated earnings guidance for the first half and full of the fiscal year ending May 31, 2018. For the first half, the company expects net sales of JPY 19,500 million, operating income of JPY 200 million, ordinary income of JPY 300 million, net income attributable to owners of the parent of JPY 300 million and net income per share of JPY 31.65.

For the full year, the company expects net sales of JPY 43,000 million, operating income of JPY 1,700 million, ordinary income of JPY 1,900 million, net income attributable to owners of the parent of JPY 1,500 million and net income per share of JPY 158.24.