Ferrotec Holdings Corporation announced consolidated and non-consolidated earnings results for the year ended March 31, 2018. For the year on consolidated basis, the company reported net sales of JPY 90,597 million against JPY 73,847 million a year ago. Operating income was JPY 8,437 million against JPY 5,678 million a year ago. Ordinary income was JPY 7,157 million against JPY 5,675 million a year ago. Net income attributable to owners of parent was JPY 2,678 million or JPY 76.62 per diluted share against JPY 3,256 million or JPY 105.14 per diluted share a year ago. Return on equity was 5.9% against 8.4% a year ago. Net assets per share were JPY 1,386.51 against JPY 1,271.76 a year ago. Cash flows from operating activities were JPY 9,946 million against JPY 8,218 million a year ago.

For the year on non-consolidated basis, the company reported net sales of JPY 6,250 million against JPY 15,264 million a year ago. Operating income was JPY 3,883 million against JPY 511 million a year ago. Ordinary income was JPY 3,438 million against JPY 3,038 million a year ago. Net loss was JPY 648 million or JPY 18.66 per diluted share against net income of JPY 1,917 million or JPY 62.22 per diluted share a year ago. Net assets per share were JPY 1,137.39 against JPY 1,124.94 a year ago.

For the six months ending September 30, 2018, the company expects net sales of JPY 46,000 million, operating income of JPY 4,600 million, ordinary income of JPY 3,900 million and net income attributable to owners of parent of JPY 2,400 million or JPY 64.86 per share.

For the fiscal year ending March 31, 2019, the company expects net sales of JPY 98,000 million, operating income of JPY 9,800 million, ordinary income of JPY 8,500 million and net income attributable to owners of parent of JPY 5,300 million or JPY 143.23 per share.