Toyo Machinery & Metal Co. Ltd. reported consolidated and non-consolidated earnings results for the full year ended March 31, 2017. For the year on consolidated basis, the company reported net sales of JPY 27,707 million compared to JPY 26,664 million a year ago. Operating income was JPY 1,823 million compared to JPY 1,800 million a year ago. Ordinary income was JPY 1,822 million compared to JPY 1,813 million a year ago. Profit before income taxes was JPY 1,775 million compared to JPY 1,776 million a year ago. Profit attributable to owners of the parent was JPY 1,505 million or JPY 80.06 per basic earnings per share compared to JPY 1,863 million or JPY 92.26 per diluted share a year ago. Return on equity was 10.5% compared to JPY 13.9% a year ago. Net cash provided by operating activities was JPY 2,378 million compared to JPY 1,905 million a year ago. Purchase of plant, property and equipment was JPY 1,252 million compared to JPY 1,776 million a year ago. Purchase of intangible assets was JPY 39 million compared to JPY 201 million a year ago. NAV was JPY 786.57 per share as on March 31, 2017 against JPY 731.87 per share as on March 31, 2016.

For the period on non-consolidated basis, the company reported net sales of JPY 25,718 million compared to JPY 24,568 million a year ago. Operating income was JPY 1,143 million compared to JPY 980 million a year ago. Ordinary income was JPY 1,349 million compared to JPY 1,106 million a year ago. Profit was JPY 1,205 million or JPY 64.10 per basic earnings per share compared to JPY 1,492 million or JPY 73.91 per diluted share a year ago. NAV was JPY 639.58 per share as on March 31, 2017 against JPY 591.85 per share as on March 31, 2016.

For the fiscal first half of 2018, on consolidated basis, the company expects net sales of JPY 14,500 million, operating income of JPY 1,100 million, ordinary income of JPY 1,100 million and profit attributable to owners of the parent of JPY 715 million or JPY 38.03 per share.

For the year ending March 31, 2018, on consolidated basis, the company expects net sales of JPY 30,000 million, operating income of JPY 2,400 million, ordinary income of JPY 2,400 million and profit attributable to owners of the parent company of JPY 1,560 million or JPY 82.97 per share.

For the year, the company announced dividend of JPY 10 per share against JPY 10 per share a year ago, payable on June 26, 2017.

For the second quarter of 2018, the company plans to pay dividend of JPY 10 per share against JPY 7 per share a year ago.

For the full year of March 31, 2018, the company plans to pay dividend of JPY 15 per share against JPY 10 per share a year ago.