TOTO Ltd. announced consolidated earnings results for the year ended March 31, 2017. For the year, the company reported net sales of JPY 573,819 million compared to JPY 567,889 million a year ago. Operating profit was JPY 48,571 million compared to JPY 46,137 million a year ago. Ordinary profit was JPY 49,381 million compared to JPY 46,764 million a year ago. Profit before income taxes was JPY 48,745 million compared to JPY 51,288 million a year ago. Profit attributable to owners of parent was JPY 33,839 million or JPY 199.54 per diluted share compared to JPY 35,723 million or JPY 211.44 per diluted share a year ago. Net cash provided by operating activities was JPY 63,738 million compared to JPY 58,695 million a year ago. Purchase of property, plant and equipment was JPY 32,023 million compared to JPY 27,320 million a year ago. Purchase of intangible assets was JPY 3,470 million compared to JPY 3,920 million a year ago.

The company provided consolidated earnings guidance for the six months ending September 30, 2017 and full year ending March 31, 2018. For the six months ending September 30, 2017, the company expects net sales of JPY 280,700 million, operating profit of JPY 20,500 million, ordinary profit of JPY 21,300 million and profit attributable to owners of parent of JPY 13,300 million or JPY 78.63 per share.

For the year ending March 31, 2018, the company expects net sales of JPY 594,000 million, operating profit of JPY 51,000 million, ordinary profit of JPY 53,000 million and profit attributable to owners of parent of JPY 36,000 million or JPY 212.82 per share.

For the year ended March 31, 2017, the company declared dividend of JPY 34.00 per share compared to JPY 34.00 per share a year ago. The dividend is payable on June 6, 2017.

The company provided dividend guidance for the second quarter and full year of fiscal year ending March 31, 2018. For the second quarter, the company expects to pay a dividend of JPY 35.00 per share.

For the full year, the company expects to pay a dividend of JPY 35.00 per share compared to JPY 34.00 per share a year ago.