inspec Inc. reported consolidated and non-consolidated earnings results for the fiscal year ended April 30, 2018. For the year, the company reported net sales of JPY 1,920 million compared to JPY 2,159 million a year ago. Operating loss was JPY 256 million compared to profit of JPY 136 million a year ago. Ordinary loss was JPY 275 million compared to profit of JPY 134 million a year ago. Net loss attributable to owners of parent was JPY 463 million compared to profit of JPY 106 million a year ago. Net loss per share was JPY 143.61 compared to earnings per share were JPY 40.81 a year ago. Negative return on equity was 54.1% compare with return on equity was 34.8% a year ago. Cash flow used in operating activities was JPY 437 million compared with cash flow from operating activities was JPY 346 million a year ago.

The company consolidated earnings guidance for the fiscal year ending April 30, 2019, the company expects net sales of JPY 2,700 million, operating profit of JPY 236 million, ordinary profit of JPY 168 million, net profit attributable to owners of parent of JPY 120 million and net earnings per share of JPY 36.43.

For the year, on non-consolidated basis, the company reported net sales of JPY 1,346 million compared to JPY 1,507 million a year ago. Operating loss was JPY 19 million compared to profit of JPY 174 million a year ago. Ordinary loss was JPY 21 million compared to profit of JPY 171 million a year ago. Net loss attributable to owners of parent was JPY 543 million compared to profit of JPY 146 million a year ago. Net loss per share was JPY 168.46 compared to earnings per share were JPY 56.24 a year ago.