Daikyo Incorporated reported consolidated and non-consolidated earnings results for the year ended March 31, 2017. For the quarter, on consolidated basis, net sales were JPY 325,360 million against JPY 334,853 million a year ago. Operating income was JPY 20,523 million against JPY 18,318 million a year ago. Ordinary income was JPY 19,967 million against JPY 17,093 million a year ago. Profit attributable to owners of parent was JPY 14,044 million against JPY 12,628 million a year ago. Fully diluted net income per share was JPY 16.49 against JPY 14.83 a year ago. Return on equity was 8.2% against 7.8% a year ago. Cash flow from operating activities was JPY 15,229 million against cash used operating activities of JPY 11,330 million a year ago.

For the quarter, on non-consolidated basis, net sales were JPY 67,992 million against JPY 86,736 million a year ago. Operating income was JPY 2,879 million against JPY 2,556 million a year ago. Ordinary income was JPY 8,653 million against JPY 8,034 million a year ago. Profit was JPY 8,291 million against JPY 9,379 million a year ago. Fully diluted net income per share was JPY 9.74 against JPY 11.02 a year ago.

For the fiscal year ending March 31, 2018, on consolidated basis, the company expects net sales of JPY 340,000 million, operating income of JPY 19,000 million, ordinary income of JPY 18,000 million, profit attributable to owners of parent of JPY 12,000 million and net income per share of JPY 141.96.

For the fiscal year ending March 31, 2018, on non-consolidated basis, the company expects net sales of JPY 58,000 million, ordinary income of JPY 9,800 million, net income of JPY 10,300 million and net income per share of JPY 121.72.

For year ended March 31, 2017, the company announced dividend of JPY 6.00 per share against JPY 3.00 per share paid for same period a year ago. Payable on June 23, 2017.

The company provides dividend guidance for the year ending March 31, 2018. For the year ending, the company expects dividend of JPY 60.00 per share against JPY 6.00 per share paid for same period a year ago.