Toyo Machinery & Metal Co. Ltd. reported consolidated and non-consolidated earnings results for the full year ended March 31, 2016. For the period on consolidated basis, the company reported net sales of JPY 26,664 million compared to JPY 26,004 million a year ago. Operating income was JPY 1,800 million compared to JPY 1,885 million a year ago. Ordinary income was JPY 1,813 million compared to JPY 1,997 million a year ago. Profit before income taxes was JPY 1,776,768,000 compared to JPY 1,950,864,000 a year ago. Profit attributable to owners of the parent was JPY 1,863 million or JPY 92.26 per basic earnings per share compared to JPY 1,631 million or JPY 79.14 per diluted share a year ago. Return on equity was 13.9% compared to JPY 13.5% a year ago. Net cash provided by operating activities was JPY 1,905 million compared to JPY 688 million a year ago. Purchase of plant, property and equipment was JPY 1,776,221,000 compared to JPY 517,899,000 a year ago. Purchase of intangible assert were JPY 201,052,000 compared to JPY 157,165,000 a year ago

For the period on non-consolidated basis, the company reported net sales of JPY 24,568 million compared to JPY 23,072 million a year ago. Operating income was JPY 980 million compared to JPY 1,136 million a year ago. Ordinary income was JPY 1,106 million compared to JPY 1,281 million a year ago. Income before income taxes and minority interests was JPY 8,859 million compared to JPY 6,823 million a year ago. Profit was JPY 1,492 million or JPY 73.91 per basic earnings per share compared to JPY 1,162 million or JPY 56.39 per diluted share a year ago.

For the fiscal first half of 2017, on consolidated basis, the company expects net sales of JPY 13,500 million, operating income of JPY 980 million, ordinary income of JPY 980 million and profit attributable to owners of the parent of JPY 800 million or JPY 42.55 per share.

For the year ending March 31, 2017, on consolidated basis, the company expects net sales of JPY 27,500 million, operating income of JPY 2,050 million, ordinary income of JPY 2,050 million and profit attributable to owners of the parent company of JPY 1,680 million or JPY 89.35 per share.