Meitec Corporation reported consolidated earnings results for the year ended March 31, 2017. For the year, the company reported net sales of JPY 89,979 million as compared to JPY 87,888 million a year ago. Operating profit was JPY 11,142 million as compared to JPY 10,874 million a year ago. Ordinary profit was JPY 11,145 million as compared to JPY 10,845 million a year ago.
Profit attributable to owners of parent was JPY 7,937 million as compared to JPY 8,083 million a year ago. Earnings per share were JPY 274.32 as compared to JPY 269.24 a year ago. Profit before income taxes was JPY 11,131.104 million as compared to JPY 11,865.364 million a year ago. Net cash provided by operating activities was JPY 10,186.894 million as compared to JPY 6,910.973 million a year ago. Purchase of property, plant and equipment was JPY 122.156 million as compared to JPY 186.720 million a year ago. Return on equity was 21.1% against 21.5% a year ago.

For the six months ending September 30, 2017, the company expects net sales of JPY 45,000 million, operating profit of JPY 4,800 million, ordinary profit of JPY 4,800 million and profit attributable to owners of parent of JPY 3,100 million or JPY 108.97 per share.

For the year ending March 31, 2018, the company expects net sales of JPY 92,000 million, operating profit of JPY 10,400 million, ordinary profit of JPY 10,400 million and profit attributable to owners of parent of JPY 7,000 million and JPY 246.07 per share.