USS Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2017. For the period, the consolidated company reported net sales of ¥17,638 million, operating profit of ¥8,639 million, ordinary profit of ¥8,776 million, net profit attributable to owners of the parent of the company of ¥5,995 million or net income per diluted share of ¥23.56 compared to net sales of ¥16,584 million, operating profit of ¥8,130 million, ordinary profit of ¥8,273 million, net profit attributable to owners of the parent of the company of ¥5,684 million or net income per basic share of ¥22.18 for the same period last year. Profit before income taxes was ¥8,779 million against ¥8,243 million a year ago. Net cash provided by operating activities was ¥3,532 million against ¥3,004 million a year ago. Purchase of property, plant and equipment was ¥2,708 million against ¥2,129 million a year ago. Purchase of intangible assets was ¥155 million against ¥305 million a year ago.

The company expects to pay second quarter dividend of ¥23.50 per share and year end dividend of ¥23.50 per share for the fiscal year ending March 31, 2018.

For the second quarter of fiscal year ending March 31, 2018, the consolidated company expects net sales of ¥33,700 million, operating profit of ¥16,150 million, ordinary profit of ¥16,400 million, profit attributable to owners of the parent of the company of ¥11,250 million or net income per share of ¥44.29.

For the full year of fiscal year ending March 31, 2018, the consolidated company expects net sales of ¥68,800 million, operating profit of ¥33,400 million, ordinary profit of ¥33,900 million, profit attributable to owners of the parent of the company of ¥23,200 million or net income per share of ¥91.33.