Chiyoda Ute Co., Ltd. reported consolidated earnings results for the year ended March 31, 2018. For the year, the company reported net sales of ¥31,616 million against ¥30,861 million a year ago. Operating profit was ¥66 million against ¥587 million a year ago. Ordinary profit was ¥204 million against ¥577 million a year ago. Profit attributable to owners of parent was ¥239 million or ¥13.87 per share against ¥429 million or ¥24.79 per share a year ago. Return on equity was 1.9% against 3.5% a year ago. Cash flows from operating activities were ¥2,416 million against ¥2,663 million a year ago. Profit before income taxes was ¥373,130,000 against ¥578,933,000 a year ago. Purchase of property, plant and equipment was ¥2,018,893,000 against ¥1,492,811,000 a year ago.

The company provided consolidated earnings guidance for the first half of fiscal 2019 and full year ending March 31, 2019. For the first half, the company expects net sales of ¥15,500 million, operating profit of ¥10 million, ordinary profit of ¥20 million, profit attributable to owners of parent of ¥10 million or ¥0.58 per share.

For the full year, the company expects net sales of ¥32,500 million, operating profit of ¥500 million, ordinary profit of ¥600 million, profit attributable to owners of parent of ¥400 million or ¥23.19 per share.

The company announced year-end dividend of ¥5.0 per share for the year ended March 31, 2018, payable on June 29, 2018.

For the year ending March 31, 2019, the company expects to pay year-end dividend of ¥5.0 per share.