Heiwa Corporation announced consolidated & non-consolidated financial results for the year ended March 31, 2018. For the year, on consolidated basis, the company reported net sales of JPY 132,765 million against JPY 186,218 million for the same period a year ago. Operating income was JPY 13,931 million against JPY 36,599 million for the same period a year ago. Ordinary income was JPY 13,105 million against JPY 35,655 million for the same period a year ago. Profit attributable to owners of parent was JPY 6,799 million against JPY 27,058 million for the same period a year ago. Diluted earnings per share were JPY 68.95 per share against JPY 274.44 per share for the same period a year ago. Return on equity was 3.1% against 13.0% for the same period a year ago. Net cash provided by operating activities was JPY 17,538 million against JPY 35,891 million for the same period a year ago. Profit before income taxes was JPY 13,054 million against JPY 35,102 million for the same period a year ago. Purchase of property, plant and equipment was JPY 15,041 million against JPY 14,181 million for the same period a year ago. Purchase of intangible assets was JPY 515 million against JPY 135 million for the same period a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 51,437 million against JPY 108,030 million for the same period a year ago. Operating income was JPY 3,291 million against JPY 19,148 million for the same period a year ago. Ordinary income was JPY 5,604 million against JPY 27,223 million for the same period a year ago. Net income was JPY 3,865 million against JPY 21,735 million for the same period a year ago. Diluted earnings per share were JPY 39.20 per share against JPY 220.45 per share for the same period a year ago.

For the year ending March 31, 2019, the company expects net sales to be JPY 155,300 million. Operating income is expected to be JPY 27,000 million. Ordinary income is expected to be JPY 26,300 million. Profit attributable to owners of parent is expected to be JPY 17,400 million. Earnings per share are expected to be JPY 176.48 per share.