Nihon Seiko Co., Ltd. announced unaudited consolidated earnings results for the year ended March 31, 2017. For the year, the company reported net sales of ¥11,511,041,000 against ¥11,797,708,000 a year ago. Operating income was ¥966,920,000 against ¥532,672,000 a year ago. Ordinary income was ¥955,461,000 against ¥505,525,000 a year ago. Profit before income taxes was ¥952,904,000 against ¥493,966,000 a year ago. Profit attributable to owners of parent was ¥644,964,000 or ¥52.81 per share against ¥312,998,000 or ¥25.63 per share a year ago. Net cash provided by operating activities was ¥925,642,000 against ¥1,577,679,000 a year ago. Purchase of property, plant and equipment was ¥469,410,000 against ¥729,250,000 a year ago. Purchase of intangible assets was ¥4,017,000 against ¥3,947,000 a year ago. Return on equity was 11.8% against 6.1% a year ago.

The company provided consolidated earnings guidance for the first half and year ending March 31, 2018. For the first half year, the company expects net sales of 6,500 million, operating income of ¥500 million, ordinary income of ¥500 million and profit attributable to owners of parent of ¥340 million or ¥27.84 per share.

For the year, the company expects net sales of ¥13,000 million, operating income of ¥1,000 million, ordinary income of ¥1,000 million and profit attributable to owners of parent of ¥680 million or ¥55.69 per share.