Shindengen Electric Manufacturing Co. Ltd. announced consolidated and non-consolidated earnings results for the full year ended March 31, 2017. For the period on consolidated basis, the company reported net sales of JPY 92,688 million against JPY 98,110 million for the same period last year. Operating profit was JPY 5,238 million against JPY 799 million for the same period last year. Ordinary profit was JPY 4,739 million against JPY 405 million for the same period last year. Profit attributable to owners of the parent was JPY 3,509 million or JPY 34.07 per basic share against JPY 205 million or JPY 1.99 per share for the same period last year. Profit before income taxes was JPY 4,959 million against JPY 166 million for the same period last year. Net cash provided by operating activities was JPY 7,788 million compared to JPY 10,420 million a year ago. Purchase of property, plant and equipment was JPY 3,231 million compared to JPY 5,526 million a year ago. Purchases of intangible assets were JPY 649 million compared to JPY 294 million a year ago. Net assets per share were JPY 524.25 compared to JPY 492.63 a year ago.

The company provided earnings guidance for the first half ending September 30, 2017 and full year ending March 31, 2017. For the first half, the company expects net sales of JPY 42,600 million, operating profit of JPY 800 million, ordinary profit of JPY 1,100 million and profit attributable to owners of the parent of JPY 800 million or JPY 77.66 per share.

For the full year, the company expects net sales of JPY 89,500 million, operating profit of JPY 3,200 million, ordinary profit of JPY 3,500 million and profit attributable to owners of the parent of JPY 2,600 million or JPY 252.39 per share.