Tosho Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2017. For the year, on consolidated basis, reported net sales of JPY 21,350 million, operating income of JPY 5,982 million, ordinary income of JPY 6,025 million and net income attributable to owners of the parent of JPY 3,726 million or JPY 194.54 per share as compared to net sales of JPY 19,224 million, operating income of JPY 5,449 million, ordinary income of JPY 5,380 million and net income attributable to owners of the parent of JPY 3,156 million or JPY 164.79 per share for the same period a year ago. Return on equity was 18% compared to 17.9% a year ago. Cash flows from operating activities were JPY 4,856 million compared to JPY 5,815 million a year ago. Profit before income taxes was JPY 6,023,725,000 against JPY 5,379,082,000 a year ago. Purchase of property, plant and equipment was JPY 4,780,231,000 against JPY 3,880,457,000 a year ago.

The company provided consolidated earnings and dividend guidance for the six months ending Sept. 30, 2017 and year ending Mar. 2018. For the six months ending Sept. 30, 2017, on consolidated basis, expects net sales of JPY 11,550 million, operating income of JPY 3,100 million, ordinary income of JPY 3,100 million and net income attributable to owners of the parent of JPY 1,840 million or JPY 96.06 per share.

For the year ending Mar. 2018, on consolidated basis, expects net sales of JPY 23,800 million, operating income of JPY 6,500 million, ordinary income of JPY 6,500 million and net income attributable to owners of the parent of JPY 4,000 million or JPY 208.83 per share.

The company expects to pay JPY 12 per share as second quarter dividend and year end dividend for the six months ending Sept. 30, 2017 and year ending Mar. 2018.

The company announced a fiscal year end dividend of JPY 12 per share for the year ended March 31, 2017, scheduled date to commence dividend payments is June 19, 2017.