Krosaki Harima Corporation announced consolidated and non-consolidated earnings results for the year ended March 31, 2017. For the year, on consolidated basis, the company reported net sales of JPY 108,371 million compared to JPY 115,118 million a year ago. Operating income was JPY 7,675 million compared to JPY 5,836 million a year ago. Ordinary income was JPY 7,844 million compared to JPY 5,766 million a year ago. Income before income taxes and non-controlling interests was JPY 7,207 million compared to JPY 5,710 million a year ago. Net income was JPY 4,794 million compared to JPY 3,861 million a year ago. Net income attributable to owners of the parent was JPY 4,426 million or JPY 52.49 per basic share compared to JPY 3,675 million or JPY 43.57 per basic share a year ago. Net cash used in operating activities was JPY 2,792 million compared to net cash from operating activities of JPY 2,296 million a year ago. Rate of return on equity was 10.1% compared to 8.9% a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 82,399 million compared to JPY 87,220 million a year ago. Operating income was JPY 5,622 million compared to JPY 4,152 million a year ago. Ordinary income was JPY 6,785 million compared to JPY 4,988 million a year ago. Net income was JPY 4,443 million or JPY 52.69 per basic share compared to JPY 3,517 million or JPY 41.70 per basic share a year ago.

The company announced dividend for the year ended March 31, 2017. For the year, the company announced dividend of JPY 8.00 per share compared to JPY 7.00 per share a year ago. The dividend is payable on June 30, 2017.

For the year ending March 31, 2018, the company expects consolidated net sales to be JPY 118,000 million and ordinary income to be JPY 7,500 million.