Hodogaya Chemical Co., Ltd. announced consolidated earnings results for the six months ended September 30, 2017. For the six months, the company announced net sales of JPY 18,938 million against JPY 15,675 million a year ago. Operating profit was JPY 2,047 million against JPY 526 million a year ago. Profit before income taxes was JPY 2,498 million against JPY 357 million a year ago. Profit attributable to owners of parent company was JPY 1,637 million or JPY 207.28 per share against JPY 382 million or JPY 48.43 per share a year ago. Net cash provided by operating activities was JPY 4,555 million against JPY 2,827 million a year ago. Purchase of property, plant and equipment and intangible assets was JPY 374 million compared to JPY 197 million for the same period a year ago.

The company provided consolidated earnings guidance for the full year ending March 31, 2018. For the full year, the company expects to report net sales of JPY 38,200 million, operating profit of JPY 3,700 million, ordinary profit of JPY 3,700 million and profit attributable to owners of parent company of JPY 2,000 million or JPY 253.10 per share.