Shofu Inc. announced unaudited consolidated and non-consolidated earnings results for the full year ended March 31, 2018. For the year, on consolidated basis, the company reported net sales of ¥24,031 million against ¥22,305 million a year ago. Operating income was ¥1,497 million against ¥1,382 million a year ago. Ordinary profit was ¥1,565 million against ¥1,141 million a year ago. Profit before income taxes was ¥1,357 million against ¥1,141 million a year ago. Profit attributable to owners of parent was ¥877 million or ¥54.83 diluted per share against ¥836 million or ¥52.29 diluted per share a year ago. Net cash provided by operating activities was ¥1,936 million against ¥2,308 million a year ago. Purchase of property, plant and equipment was ¥658 million against ¥823 million a year ago. Purchase of intangible assets was ¥46 million against ¥50 million a year ago.

For the year, on non-consolidated basis, the company reported net sales of ¥15,741 million against ¥14,999 million a year ago. Operating income was ¥476 million against ¥434 million a year ago. Ordinary profit was ¥960 million against ¥746 million a year ago. Net profit was ¥810 million or ¥50.66 diluted per share against ¥497 million or ¥31.09 diluted per share a year ago.

The company provided earnings guidance for the six months ending September 30, 2018 and full year ending March 31, 2019. For the six months, the company expects net sales of ¥12,550 million, operating income of ¥639 million, ordinary income of ¥589 million and net income of ¥346 million or ¥21.80 per share.

For the year, the company expects net sales of ¥25,725 million, operating income of ¥1,737 million, ordinary income of ¥1,630 million and net income of ¥1,109 million or ¥69.77 per share.