Fuji Seal International, Inc. announced consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of ¥39,096 million against ¥38,413 million a year ago. Operating income was ¥4,174 million against ¥3,652 million a year ago. Ordinary income was ¥4,342 million against ¥3,657 million a year ago. Net income attributable to owners of the parent was ¥2,893 million or ¥50.79 per share against ¥2,322 million or ¥40.76 per share a year ago. Net cash provided by operating activities was ¥3,475 million compared with ¥2,777 for the same period a year ago. Income before income taxes was ¥4,296 million against ¥3,682 million a year ago. Purchase of tangible fixed assets was ¥1,236 million against ¥3,711 million a year ago. Purchase of intangible assets was ¥79 million against ¥147 million a year ago.

The company provided earnings guidance for the year ending March 31, 2018. For the period, the company expects net sales of ¥150,300 million, operating income of ¥11,800 million, ordinary income of ¥12,350 million and net income attributable to owners of the parent of ¥5,650 million or ¥99.17 per share.