Musashi Co. Ltd. reported consolidated earnings results for the year ended March 31, 2017. For the year, the company reported net sales of JPY 35,268 million, operating income of JPY 1,107 million, ordinary income of JPY 1,242 million and profit attributable to owners of parent of JPY 781 million or JPY 105.03 per share as compared to net sales of JPY 35,709 million, operating income of JPY 925 million, ordinary income of JPY 1,189 million and profit attributable to owners of parent of JPY 753 million or JPY 101.18 per share for the same period a year ago. Profit before income taxes was JPY 1,224 million compared to JPY 1,184 million a year ago. Net cash provided by operating activities was JPY 2,500 million compared to JPY 256 million a year ago. Purchase of property, plant and equipment was JPY 208 million compared to JPY 257 million a year ago. Purchase of intangible assets was JPY 29 million compared to JPY 32 million a year ago.

The company provided consolidated earnings guidance for the six months ending September 30, 2017 and year ending March 31, 2018. For the six months, the company expects net sales of JPY 16,916 million, operating income of JPY 259 million, ordinary income of JPY 299 million and profit attributable to owners of parent of JPY 169 million or JPY 22.70 per share.

For the year, the company expects net sales of JPY 34,923 million, operating income of JPY 604 million, ordinary income of JPY 678 million and profit attributable to owners of parent of JPY 394 million or JPY 52.93 per share.

For the year, the company announced a dividend of JPY 20 per share. The schedule date to commence dividend payment is June 30, 2017.
For the second quarter of 2018, the company expects to pay a dividend of JPY 12 per share.
For the year ended 2018, the company expects to pay a dividend of JPY 12 per share.