Furusato Industries,Ltd. announced consolidated and non-consolidated earnings results for the year ended March 31, 2017. For the year, on consolidated basis, the company reported net sales of JPY 94,109,513,000 compared to JPY 94,857,787,000 a year ago. Operating income was JPY 3,163,129,000 compared to JPY 3,556,279,000 a year ago. Ordinary income was JPY 3,445,503,000 compared to JPY 3,854,260,000 a year ago. Income before income taxes was JPY 3,479,848,000 compared to JPY 3,742,819,000 a year ago. Net income attributable to owners of parent was JPY 2,335,025,000 or JPY 161.06 per share compared to JPY 2,416,759,000 or JPY 166.69 per share a year ago. Net cash provided by operating activities was JPY 2,978,606,000 compared to JPY 2,613,219,000 a year ago. Purchase of property, plant and equipment was JPY 1,417,881,000 compared to JPY 1,605,043,000 a year ago. ROE was 6.5% compared to 7.0% a year ago. ROA was 5.9% compared to 6.8% a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 29,017 million compared to JPY 28,939 million a year ago. Operating income was JPY 1,333 million compared to JPY 1,510 million a year ago. Ordinary income was JPY 1,510 million compared to JPY 1,693 million a year ago. Net income was JPY 1,033 million or JPY 71.29 per share compared to JPY 1,023 million or JPY 70.56 per share a year ago.

The company provided consolidated earnings guidance for the six months ending September 30, 2017 and fiscal year ending March 31, 2018. For the six months ending September 30, 2017, the company expects net sales of JPY 46,000 million, operating income of JPY 1,340 million, ordinary income of JPY 1,480 million and net income attributable to owners of parent of JPY 900 million or JPY 62.08 per share.

For the year ending March 31, 2018, the company expects net sales of JPY 97,600 million, operating income of JPY 3,280 million, ordinary income of JPY 3,590 million and net income attributable to owners of parent of JPY 2,340 million or JPY 161.41 per share.

The company declared dividend of JPY 43.50 per share for the year ended March 31, 2017 compared to JPY 45.50 per share a year ago.

The company provided dividend guidance for the second quarter and full year of fiscal year ending March 31, 2018. For the second quarter, the company expects to pay a dividend of JPY 5.00 per share compared to JPY 5.00 per share a year ago.

For the year ending March 31, 2018, the company expects to pay a dividend of JPY 43.50 per share compared to JPY 43.50 per share a year ago.