Meidensha Corporation announced consolidated earnings results for the year ended March 31, 2018. For the period, the company reported net sales of JPY 241,832 million against JPY 220,141 million a year ago. Operating income was JPY 11,381 million against JPY 8,849 million a year ago. Ordinary income was JPY 9,992 million against JPY 8,209 million a year ago. Income before income taxes was JPY 10,272 million against JPY 8,231 million a year ago. Net income attributable to owners of the parent was JPY 7,056 million against JPY 5,743 million a year ago. Net cash provided by operating activities was JPY 17,975 million against JPY 11,840 million a year ago. Purchase of property, plant and equipment and intangible assets was JPY 7,082 million against JPY 7,270 million a year ago. Net income per share was JPY 31.10 compared to JPY 25.31 a year ago.

For the year ending March 31, 2019, the company expects orders of JPY 240,000 million, net sales of JPY 245,000 million, operating income of JPY 11,500 million, ordinary income of JPY 10,800 million, net income attributable to owners of the parent of JPY 7,500 million, capex of JPY 10,400 million and depreciation and amortization of JPY 9,700 million.