Advanex Inc. announced consolidated earnings results for the year ended March 31, 2017. For the year, the company reported net sales of JPY 17,858 million as compared to JPY 19,073 million a year ago. Operating income was JPY 247 million as compared to JPY 668 million a year ago. Ordinary income was JPY 346 million as compared to JPY 671 million a year ago. Net income was JPY 67 million as compared to JPY 587 million a year ago. Net income per share after dilution was JPY 16.32 as compared to JPY 142.30 a year ago. Return on equity was 1.1% against 8.7% a year ago. Cash flows from operating activities were JPY 773 million as compared to JPY 1,415 million a year ago.

For the year 2017, the company announced a year-end dividend of JPY 30.00 per share, compared with JPY 35.00 per share paid for the fiscal year 2016. The expected date of payment for dividend is June 23, 2017.

For the fiscal year ending March 31, 2018, the company expects to pay a dividend of JPY 30.00 per share, compared with JPY 30.00 per share paid for the fiscal year 2017.

The company provided earnings guidance for the full year ending March 31, 2018. For the year, the company expects to report net sales of JPY 20,000 million, operating income of JPY 400 million, ordinary income of JPY 380 million, net income of JPY 240 million and net income per share of JPY 58.78.