Shofu Inc. reported consolidated and non-consolidated earnings results for the year ended March 31, 2017. For the year, on consolidated basis net sales were JPY 22,305 million against JPY 22,975 million a year ago. Operating income was JPY 1,382 million against JPY 1,568 million a year ago. Ordinary profit was JPY 1,141 million against JPY 1,393 million a year ago. Profit before income taxes was JPY 1,141 million against JPY 1,352 million a year ago. Profit attributable to owners of parent was JPY 836 million against JPY 789 million a year ago. Net cash provided by operating activities was JPY 2,308 million against JPY 1,511 million a year ago. Purchase of property, plant and equipment was JPY 823 million against JPY 495 million a year ago. Purchase of intangible assets was JPY 50 million against JPY 134 million a year ago. Net assets per share were JPY 1,396.74 against JPY 1,340.00 a year ago. Fully diluted net income per share was JPY 52.29 against JPY 49.15 a year ago.

For the year, on non-consolidated basis net sales were JPY 14,999 million against JPY 15,507 million a year ago. Operating income was JPY 434 million against JPY 722 million a year ago. Ordinary income was JPY 746 million against JPY 2,028 million a year ago. Net income was JPY 497 million or JPY 31.09 diluted per share against JPY 1,744 million or JPY 108.58 diluted per share a year ago.

For the six months ending September 30, 2017, the company expects net sales of JPY 11,713 million, operating income of JPY 657 million, ordinary income of JPY 618 million and net income of JPY 392 million or JPY 24.70 per share.

For the full year ending March 31, 2018, the company expects net sales of JPY 23,970 million, operating income of JPY 1,488 million, ordinary income of JPY 1,403 million and net income of JPY 959 million or JPY 60.38 per share.