Sanyo Shokai Ltd. reported consolidated earnings results for the year ended December 31, 2017. For the year, the company reported net sales of JPY 62,549 million against JPY 67,611 million a year ago. Operating loss was JPY 1,907 million against JPY 8,430 million a year ago. Ordinary loss was JPY 1,941 million against JPY 8,196 million a year ago. Loss attributable to owners of parent was JPY 1,025 million or JPY 81.62 per share against JPY 11,366 million or JPY 904.28 per share a year ago. Cash flow from operating activities was JPY 22 million against cash outflow from operating activities of JPY 9,730 million a year ago. Loss before income taxes was JPY 977 million against JPY 8,232 million a year ago. Purchase of property, plant and equipment was JPY 1,123 million against JPY 1,331 million a year ago. Purchase of intangible assets was JPY 11 million against JPY 1 million a year ago.

The company provided earnings guidance for the six months ending June 30, 2018 and full year ending December 31, 2018. For the six months ending June 30, 2018, the company expects net sales of JPY 30,500 million, operating loss of JPY 800 million, ordinary loss of JPY 800 million and profit attributable to owners of parent of JPY 2,000 million or JPY 159.14 per share.

For the year ending December 31, 2018, the company expects net sales of JPY 63,000 million, operating profit of JPY 50 million, ordinary profit of JPY 100 million and profit attributable to owners of parent of JPY 2,500 million or JPY 198.92 per share.

The company announced dividend of JPY 40.00 per share for the year ended December 31, 2017 compared to JPY 4.00 per share paid for the same period a year ago. The dividend payment date is March 30, 2018.

The company expects to pay year-end dividend of JPY 40.00 per share for the year ending December 31, 2018 compared to JPY 40.00 per share announced for the same period a year ago.