Krosaki Harima Corporation Announces Consolidated Earnings Results for the Fourth Quarter and Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2019
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.