Meidensha Corporation announced consolidated earnings results for the year ended March 31, 2017. For the period, the company reported net sales of JPY 220,141,000 against JPY 237,404,000 a year ago. Operating income was JPY 8,849,000 against JPY 10,517,000 a year ago. Ordinary income was JPY 8,209,000 against JPY 10,595,000 a year ago. Income before income taxes was JPY 8,231,000 against JPY 10,358,000 a year ago. Net income attributable to owners of the parent was JPY 5,743,000 against JPY 6,962,000 a year ago. Net cash provided by operating activities was JPY 11,840,000 against JPY 22,597,000 a year ago. Purchase of property, plant and equipment and intangible assets was JPY 7,270,000 against JPY 8,970,000 a year ago.

For the year ending March 31, 2018, the company expects orders of JPY 240,000 million, net sales of JPY 240,000 million, operating income of JPY 10,000 million, ordinary income of JPY 9,500 million and net income attributable to owners of the parent of JPY 6,500 million.