Tokyo Seimitsu 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 88,194 million compared to JPY 77,792 million a year ago. Operating income was JPY 17,283 million compared to JPY 13,659 million a year ago. Income before income taxes and minority interests was JPY 17,318 million compared to JPY 14,415 million a year ago. Net income attributable to owners of the parent of JPY 12,717 million or JPY 304.02 per diluted share compared to JPY 9,909 million or JPY 237.80 per diluted share a year ago. Return on equity was 13.8% compared to 12.0% a year ago. Cash flows from operating activities was JPY 10,931 million compared to JPY 12,809 million a year ago. Payment for purchase of intangible fixed assets was JPY 1,124 million compared to JPY 139 million a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 72,635 million compared to JPY 64,223 million a year ago. Operating income was JPY 11,453 million compared to JPY 9,533 million a year ago. Net income was JPY 9,628 million or JPY 230.18 per diluted share compared to JPY 8,183 million or JPY 196.39 per diluted share a year ago.

The company provided earnings guidance for the interim and full year of fiscal year ending March 31, 2019. For the interim, the company expects net sales of JPY 48,200 million, operating income of JPY 9,700 million, net income attributable to owners of the parent of JPY 6,900 million or JPY 166.00 per share.

For the full year ending March 31, 2019, the company expects net sales of JPY 95,000 million, operating income of JPY 18,500 million, net income attributable to owners of the parent of JPY 13,100 million or JPY 315.00 per share.