Krosaki Harima Corporation announced consolidated earnings results for the fourth quarter and consolidated and non-consolidated earnings results for the year ended March 31, 2018. For the quarter, on consolidated basis, the company reported net sales of JPY 33,265 million compared to JPY 27,036 million a year ago. Operating income was JPY 1,804 million compared to JPY 1,625 million a year ago. Ordinary income was JPY 1,815 million compared to JPY 1,665 million a year ago. Net income attributable to owners of the parent was JPY 1,021 million compared to JPY 455 million a year ago.

For the year, on consolidated basis, the company reported net sales of JPY 123,977 million compared to JPY 108,371 million a year ago. Operating income was JPY 8,494 million compared to JPY 7,675 million a year ago. Ordinary income was JPY 8,991 million compared to JPY 7,844 million a year ago. Net income attributable to owners of the parent was JPY 5,656 million or JPY 670.96 per share compared to JPY 4,426 million or JPY 524.88 per share a year ago. Rate of return on equity was 11.3% compared to 10.1% a year ago. Interest income was JPY 26 million compared to JPY 38 million a year ago. Income before income taxes and non-controlling interests was JPY 8,730 million compared to JPY 7,207 million a year ago. Net cash used in operating activities was JPY 2,687 million compared to JPY 2,792 million a year ago. Purchase of noncurrent assets was JPY 2,986 million compared to JPY 1,991 million a year ago. Payments for retirement of noncurrent assets were JPY 239 million compared to JPY 195 million a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 92,574 million compared to JPY 82,399 million a year ago. Operating income was JPY 5,436 million compared to JPY 5,622 million a year ago. Ordinary income was JPY 7,293 million compared to JPY 6,785 million a year ago. Net income was JPY 5,374 million or JPY 637.50 per share compared to JPY 4,443 million or JPY 526.86 per share a year ago.

For the year ending March 31, 2019, the consolidated company expects net sales of JPY 134,000 million and ordinary income of JPY 9,500 million.