NH Foods Limited reported consolidated and non-consolidated financial results for the year ended March 31, 2017. For the year, on consolidated basis, the company reported net sales of JPY 1,202,293 million against JPY 1,229,324 million a year ago. Income from continuing operations before income taxes and equity in earnings of associated companies was JPY 49,112 million against JPY 35,309 million a year ago. Net income from continuing operations was JPY 35,067 million against JPY 21,985 million a year ago. Net income attributable to company was JPY 35,004 million or JPY 161.27 per diluted share against JPY 21,779 million or JPY 100.44 per diluted share a year ago. Net cash provided by operating activities was JPY 65,254 million against JPY 52,535 million a year ago. Capital expenditures were JPY 40,183 million against JPY 37,604 million a year ago. Ratio of net income attributable to the company's shareholders' equity was 9.2% against 6.1% for the same period of last year.

For the second quarter of fiscal 2018, on consolidated basis, the company expects net sales of JPY 610,000 million, operating income of JPY 25,500 million, income before income taxes and equity in earnings of associated companies of JPY 23,000 million and net income attributable to the company of JPY 17,500 million or JPY 82.99 per basic share.

For the fiscal year 2018, on consolidated basis, the company expects net sales of JPY 1,250,000 million, operating income of JPY 56,000 million, income before income taxes and equity in earnings of associated companies of JPY 51,000 million and net income attributable to the company of JPY 37,000 million or JPY 175.46 per basic share.

For the year, on non-consolidated basis, the company reported net sales of JPY 783,145 million against JPY 791,426 million a year ago. Income from continuing operations before income taxes and equity in earnings of associated companies was JPY 8,651 million against JPY 5,390 million a year ago. Ordinary income was JPY 19,887 million against JPY 15,784 million a year ago. Net income was JPY 14,408 million or JPY 66.11 per diluted share against JPY 5,322 million or JPY 24.38 per diluted share a year ago. Total net assets per share were JPY 1,005.32.

For the second quarter of fiscal 2018, on non-consolidated basis, the company expects net sales of JPY 392,000 million, ordinary income of JPY 16,700 million and net income of JPY 16,100 million or JPY 76.35 per basic share.

For the fiscal year 2018, on non-consolidated basis, the company expects net sales of JPY 793,000 million, ordinary income of JPY 19,600 million and net income of JPY 17,600 million or JPY 83.46 per basic share.