Mipox Corporation announced consolidated earnings results for the year ended March 31, 2017. For the year, the company reported net sales of JPY 6,410,539,000 compared to JPY 4,204,751,000 a year ago. Operating income was JPY 223,284,000 compared to JPY 508,062,000 a year ago. Ordinary income was JPY 149,125,000 compared to JPY 513,263,000 a year ago. Loss before income taxes was JPY 34,562,000 compared to profit of JPY 448,469,000 a year ago. Loss attributable to owners of parent was JPY 147,036,000 or JPY 14.08 per share compared to profit of JPY 323,773,000 or JPY 31.79 per share a year ago. Net cash provided by operating activities was JPY 555,441,000 compared to JPY 647,312,000 a year ago. Purchase of property, plant and equipment was JPY 550,344,000 compared to JPY 375,609,000 a year ago. Purchase of intangible assets was JPY 74,331,000 compared to JPY 25,652,000 a year ago.

The company provided earnings guidance for the first half and full year of fiscal year ending March 31, 2018. For the first half of fiscal year ending March 31, 2018, the company expects net sales of JPY 3,857 million, operating income of JPY 100 million, ordinary income of JPY 92 million and net income of JPY 51 million or JPY 4.97 per share.

For the full year ending March 31, 2018, the company expects net sales of JPY 8,000 million, operating income of JPY 448 million, ordinary income of JPY 417 million and net income of JPY 306 million or JPY 29.31 per share.

The company declared dividend of JPY 10.00 per share for the full year ended March 31, 2017 compared to JPY 10.00 per share a year ago. The dividend is payable on June 29, 2017.

The company provided dividend guidance for the full year ending March 31, 2018. For the year, the company expects to pay a dividend of JPY 10.00 per share compared to JPY 10.00 per share a year ago.