Ryosan Company, Limited announced consolidated and non-consolidated earnings results for the fiscal year ended March 31, 2018. For the year on consolidated basis, the company reported net sales of JPY 254,077 million against JPY 218,003 million a year ago. Operating income was JPY 5,665 million against JPY 4,659 million a year ago. Ordinary income was JPY 6,396 million against JPY 4,833 million a year ago. Profit before income taxes was JPY 6,465 million against JPY 4,746 million a year ago. Profit attributable to owners of parent was JPY 4,481 million against JPY 3,367 million a year ago. Net cash provided used in operating activities was JPY 19,268 million against JPY 1,843 million a year ago. Purchases of intangible assets was JPY 64 million against JPY 278 million a year ago. Basic EPS was JPY 173.98 against JPY 116.54 a year ago. Return on equity was 4.4% against 3.0% a year ago. Ordinary income to net assets was 3.9% against 3.0% a year ago.

For the year on non-consolidated basis, the company reported net sales of JPY 173,834 million against JPY 142,588 million a year ago. Operating income was JPY 1,574 million against JPY 1,435 million a year ago. Ordinary income was JPY 3,816 million against JPY 2,968 million a year ago. Profit was JPY 2,881 million against JPY 2,187 million a year ago. Basic EPS was JPY 111.87 against JPY 75.70 a year ago.

For interim period of fiscal year 2019, the company expects net sales of JPY 127,500 million, operating income of JPY 2,700 million, ordinary income of JPY 2,500 million, profit attributable to owners of parent of JPY 1,800 million and basic EPS of JPY 73.51.

For the full year ending March 31, 2019, the company expects net sales of JPY 258,000 million, operating income of JPY 6,000 million, ordinary income of JPY 5,600 million, profit attributable to owners of parent of JPY 4,000 million and basic EPS of JPY 163.36.

At the meeting of the Board of Directors held on May 11, 2018, a resolution was made to distribute, the dividend for the year-ended March 31, 2018, of JPY 75 per share, consisting of an ordinary dividend of JPY 50 per share and a special dividend of JPY 25 per share. As a result, the annual dividend per share including the interim dividend will be JPY 150. Schedled payment date of dividend is June 6, 2018.

The company is forecasting ordinary dividend payment of JPY 100 per share in its full fiscal year for the fiscal year ending March 31, 2019, consisting of an interim ordinary dividend of JPY 50 per share and a fiscal year-end ordinary dividend of JPY 50 per share, plus a special dividend of JPY 50 or more per share, resulting in the annual dividend per share of JPY 150 or more.