Sanken Electric Co. Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2018. For the year, on consolidated basis, the company reported net sales of JPY 175,209 million against JPY 158,772 million a year ago. Operating income was JPY 12,026 million against JPY 5,930 million a year ago. Ordinary income was JPY 11,808 million against JPY 5,026 million a year ago. Loss attributable to owners of parent was JPY 11,421 million against profit of JPY 1,739 million a year ago. Net loss per share was JPY 94.24 against net income per share of JPY 14.35 a year ago. Net cash provided by operating activities were JPY 14,521 million against JPY 19,237 million a year ago. Purchase of property, plant and equipment was JPY 15,695 million against JPY 9,896 million a year ago. Purchase of intangible assets was JPY 1,142 million against JPY 1,030 million a year ago. Loss before income taxes was JPY 6,505 million against profit of JPY 4,582 million a year ago. Net cash provided by operating activities was mainly due to a decrease in profit before income taxes, and an increase in cash outflow by business structure reform cost.

For the year, on non-consolidated basis, the company reported net sales of JPY 110,905 million against JPY 102,824 million a year ago. Operating profit was JPY 484 million against loss of JPY 2,448 million a year ago. Ordinary income was JPY 32,656 million against JPY 2,606 million a year ago. Net income was JPY 11,621 million against JPY 11,621 million a year ago. Net income per share was JPY 95.90 against JPY 20.82 a year ago. Net assets per share as at March 31, 2018 were JPY 337.70 against JPY 248.66 a year ago. Profit before income taxes was JPY 4,582 million against JPY 2,068 million a year ago.

The company provided consolidated earnings guidance for the first half and full year of fiscal year ending March 31, 2019. For the first half, the company expects net sales of JPY 87,200 million, operating income of JPY 5,200 million, ordinary income of JPY 4,400 million, profit attributable to owners of parent of JPY 1,500 million and net income per share of JPY 12.38.

For the full year, the company expects net sales of JPY 178,000 million, operating income of JPY 12,500 million, ordinary income of JPY 11,000 million, profit attributable to owners of parent of JPY 4,800 million and net income per share of JPY 198.04.