KYB Corporation reported consolidated earnings results for the year ended March 31, 2017. For the period, the company reported net profit attributable to owners of the parent was JPY 14,544 million compared to net loss attributable to owners of the parent of JPY 3,161 million for the same period last year. Net sales were JPY 355,316 million compared to JPY 355,320 million for the same period a year ago. Operating profit was JPY 19,247 million compared to JPY 4,327 million for the same period a year ago. Profit before taxes was JPY 18,852 million against JPY 2,825 million last year. Net cash provided by operating activities was JPY 19,958 million against JPY 31,153 million a year ago. Purchase of property, plant and equipment was JPY 21,967 million against JPY 19,734 million a year ago. Basic earnings per share were at JPY 56.93 against loss of JPY 12.37 reported last year.

For the first half of 2018, the company expects net sales to be JPY 176,000 million, operating profit to be JPY 7,100 million and net income attributable to owners of parent to be JPY 4,000 million or JPY 15.66 per share. Profit before taxes are expected to be at JPY 6,600 million.

For the year ending March 31, 2018, the company expects net sales to be JPY 355,000 million, operating profit to be JPY 15,600 million and net income attributable to owners of parent to be JPY 9,300 million or JPY 364.04 per share. Profit before taxes are expected to be at JPY 14,600 million.