TOREX SEMICONDUCTOR LTD. announced consolidated earnings results for the fiscal year ended March 31, 2017. For the year, on consolidated basis the company reported net sales JPY 21,559 million against JPY 10,621 million a year ago. Operating profit was JPY 1,251 million against JPY 1,139 million a year ago. Ordinary profit was JPY 905 million against JPY 970 million a year ago. Profit attributable to owners of parent was JPY 2,930 million against JPY 580 million a year ago. Diluted earnings per share were JPY 302.79 against JPY 53.57 a year ago. Ratio of ordinary profit to total assets was 4.7% against 7.4% a year ago. Net cash provided by operating activities were JPY 1,302 million against JPY 1,635 million a year ago. Purchase of property, plant and equipment was JPY 344.642 million against JPY 982.332 million a year ago. Purchases of intangible assets were JPY 85.991 million against JPY 79.406 million a year ago. Profit before income taxes was JPY 1,023.769 million compared to JPY 3,435.228 million a year ago.

The company provided consolidated earnings guidance for the six months ending September 30, 2017 and year ending March 31, 2018. For the six months ending September 30, 2017, on consolidated basis, expects net sales of JPY 11,100 million, operating profit of JPY 600 million, ordinary profit of JPY 550 million, profit attributable to owners of parent of JPY 280 million and earnings per share of JPY 31.04.

For the full year ending March 31, 2018, on consolidated basis, expects net sales of JPY 22,300 million, operating profit of JPY 1,400 million, ordinary profit of JPY 1,300 million, profit attributable to owners of parent of JPY 750 million and net income per share of JPY 83.16.

For the fiscal year ended March 31, 2017, the company declared a dividend of JPY 16 per share compared to dividend paid JPY 16 per share for the same period a year ago. Scheduled date to commence dividend payments is June 28, 2017.

The company expects to pay a dividend of JPY 16 per share for the half year ending September 30, 2017.

The company expects to pay a dividend of JPY 16 per share for the year ending March 31, 2017.