Hogy Medical Co. Ltd. announced consolidated and non-consolidated earnings results for the year ended March 31, 2017. For the year, the company reported consolidated net sales of JPY 36,859 million compared to JPY 36,568 million a year ago. Operating income was JPY 7,443 million compared to JPY 8,784 million a year ago. Ordinary income was JPY 7,403 million compared to JPY 8,924 million a year ago. Profit attributable to owners of parent of JPY 5,786 million compared to JPY 5,910 million a year ago. Profit per share of JPY 369.06 compared to JPY 375.81 a year ago. Income before income taxes was JPY 8,422 million compared to JPY 8,743 million a year ago. Net cash provided by operating activities was JPY 10,066 million compared to JPY 6,809 million a year ago. Purchase of tangible fixed assets was JPY 5,308 million compared to JPY 14,690 million a year ago. Purchase of intangible fixed assets was JPY 535 million compared to JPY 1,094 million a year ago. ROE was 6.5% against 6.9% a year ago.

For the year, the company reported non-consolidated net sales of JPY 34,298 million compared to JPY 33,779 million a year ago. Operating income was JPY 6,447 million compared to JPY 7,729 million a year ago. Ordinary income was JPY 6,730 million compared to JPY 7,997 million a year ago. Net income was JPY 5,419 million compared to JPY 5,249 million a year ago. Profit per share of JPY 345.69 compared to JPY 333.74 a year ago. Income before income taxes was JPY 7,748 million compared to JPY 7,814 million a year ago.

The company provided consolidated and non-consolidated earnings guidance for the first two quarters and fiscal year ending March 31, 2018. For the period, the company expects net sales of JPY 38,540 million, operating income of JPY 5,300 million, ordinary income of JPY 5,410 million, profit attributable to owners of parent of JPY 5,160 million and profit per share of JPY 329.69.

For the first two quarters of fiscal year ending March 31, 2018, the company expects consolidated net sales of JPY 18,960 million, operating income of JPY 2,440 million, ordinary income of JPY 2,530 million, profit attributable to owners of parent of JPY 3,180 million and profit per share of JPY 203.18.

The company provided non-consolidated earnings guidance for the fiscal year ending March 31, 2018. For the period, the company expects net sales of JPY 38,190 million, operating income of JPY 4,340 million, ordinary income of JPY 4,630 million, profit attributable to owners of parent of JPY 4,640 million and profit per share of JPY 296.46.

For the first two quarters of fiscal year ending March 31, 2018, the company expects non-consolidated net sales of JPY 18,790 million, operating income of JPY 2,070 million, ordinary income of JPY 2,140 million, profit attributable to owners of parent of JPY 2,900 million and profit per share of JPY 185.29.