The Furukawa Battery Co., Ltd. announced consolidated financial results for the year ended March 31, 2018. For the year, the company reported net sales of JPY 60,536 million against JPY 55,320 million a year ago. Operating profit was JPY 2,980 million against JPY 3,336 million a year ago. Profit before income taxes was JPY 2,804 million against JPY 2,786 million a year ago. Profit attributable to owners of parent was JPY 2,136 million against JPY 2,373 million a year ago. Cash flows from operating activities was JPY 2,375 million against JPY 3,697 million a year ago. Purchase of property, plant and equipment was JPY 2,511 million against JPY 2,177 million a year ago. Purchase of intangible assets was JPY 1 million against JPY 27 million a year ago. Earnings per share basic were JPY 65.19 against JPY 72.42 a year ago. Return on equity was 5.1% against 5.5% a year ago.

The company also provided earnings guidance for Six months ending September 30, 2018 and fiscal year ending March 31, 2019. For six months, the company expected net sales of JPY 29,000 million, operating profit JPY 400 million, profit attributable to owners of parent of JPY 200 million and Earnings per share of JPY 6.10.

For year, the company expected net sales of JPY 64,000 million, operating profit JPY 3,200 million, profit attributable to owners of parent of JPY 2,200 million and Earnings per share of JPY 67.12.

The company also provided dividend forecast, the company expected to pay dividend of JPY 11.00 per share for the fourth quarter ending March 31, 2019.