Advanex Inc. reported consolidated and non-consolidated earnings results for the year ended March 31, 2016. For the period, on consolidated basis, the company reported net sales of ¥19,073 million against ¥29,487 million a year ago. Operating income was ¥668 million against ¥1,081 million a year ago. Ordinary income was ¥671 million against ¥992 million a year ago. Net income was ¥587 million or ¥142.30 per diluted share against ¥535 million or ¥128.38 per diluted share a year ago. Return on equity was 8.7% against 9.1% a year ago. Cash flows from operating activities were ¥1,415 million against ¥2,139 million a year ago.

For the period, on non-consolidated basis, the company reported net sales of ¥8,067 million against ¥8,039 million a year ago. Operating loss was ¥402 million against operating income of ¥4 million a year ago. Ordinary loss was ¥358 million against ¥41 million a year ago. Net loss was ¥286 million or ¥70.02 per share against net income of ¥921 million or ¥222.68 per share a year ago.

For the first half of 2017, the company expects net sales of ¥9,400 million, operating income of ¥330 million, ordinary income of ¥320 million and net income of ¥180 million or ¥44.07 per share.

For the year ending March 31, 2017, the company expects net sales of ¥19,200 million, operating income of ¥800 million, ordinary income of ¥800 million and net income of ¥600 million or ¥146.91 per share.

The company declared a dividend of ¥35.00 per share for the year ended March 31, 2016 against ¥3.00 per share paid dividend a year ago. The dividend payable on June 24, 2016.

The company expects to pay a dividend of ¥40.00 per share for the year ending March 31, 2017 against ¥35.00 per share paid dividend a year ago.