Futaba Industrial Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2018. For the period, on consolidated basis, the company reported net sales of JPY 440,446 million against JPY 412,383 million a year ago. Operating profit was JPY 11,258 million against JPY 8,976 million a year ago. Ordinary profit was JPY 10,955 million against JPY 7,542 million a year ago. Profit attributable to owners of parent was JPY 10,721 million or JPY 119.82 per share against JPY 4,806 million or JPY 65.76 per share a year ago. Return on equity was 17.9% against 10.0% a year ago. Net assets per share were JPY 731.50 against JPY 607.17 a year ago. Profit before income taxes was JPY 6,380 million against JPY 5,619 million a year ago. Net cash provided by operating activities was JPY 24,960 million against JPY 26,178 million a year ago. Purchase of property, plant and equipment was JPY 30,438 million against JPY 21,128 million a year ago.

For the period, on non-consolidated basis, the company reported net sales of JPY 256,901 million against JPY 235,129 million a year ago. Operating profit was JPY 3,989 million against JPY 1,182 million a year ago. Ordinary profit was JPY 8,711 million against JPY 2,871 million a year ago. Profit was JPY 5,015 million or JPY 56.06 per share against JPY 646 million or JPY 8.85 per share a year ago. Net assets per share were JPY 477.27 against JPY 425.04 a year ago.

The company provided consolidated earnings guidance for the first half and full year ending March 31, 2019. For the first half, the company expects net sales of JPY 217,000 million, operating profit of JPY 3,700 million, ordinary profit of JPY 3,600 million and profit attributable to owners of parent of JPY 2,300 million or JPY 25.70 per share.

For the full year, the company expects net sales of JPY 452,000 million, operating profit of JPY 11,500 million, ordinary profit of JPY 11,200 million and profit attributable to owners of parent of JPY 8,900 million or JPY 99.46 per share.