Meidensha Corporation announced consolidated earnings results for the year ended March 31, 2016. For the period, the company reported net sales of JPY 237,404,000 against JPY 230,299,000 a year ago. Operating income was JPY 10,517,000 against JPY 9,997,000 a year ago. Ordinary income was JPY 10,595,000 against JPY 10,502,000 a year ago. Income before income taxes was JPY 10,358,000 against JPY 10,925,000 a year ago. Net income attributable to owners of the parent was JPY 6,962,000 against JPY 6,868,000 a year ago. Net cash provided by operating activities was JPY 22,597,000 against JPY 11,165,000 a year ago. Purchase of property, plant and equipment and intangible assets was JPY 8,970,000 against JPY 8,458,000 a year ago.

For the year ending March 31, 2017, the company expects orders of JPY 250,000 million, net sales of JPY 240,000 million, ordinary income of JPY 10,500 million and net income attributable to owners of the parent of JPY 7,000 million.