Sanyo Denki Co., Ltd. announced consolidated earnings results for the third quarter nine months ended December 31, 2017. For the nine months, the company reported net sales of JPY 65,202 million compared to JPY 54,093 million a year ago. Operating income was JPY 5,959 million compared to JPY 3,286 million a year ago. Ordinary income was JPY 6,147 million compared to JPY 3,454 million a year ago. Profit attributable to owners of parent company was JPY 4,444 million or JPY 364.34 per share compared to JPY 2,317 million or JPY 189.18 per share a year ago. Income tax expense was JPY 1,702 million compared to JPY 1,136 million a year ago. Net cash flows from operating activities were JPY 4,929 million against JPY 3,968 million in the same period last year. Purchase of property, plant and equipment was JPY 4,518 million compared to JPY 902 million a year ago. Purchase of intangible assets was JPY 894 million compared to JPY 769 million a year ago.

For the third quarter, the company reported revenue of JPY 22,960 million compared to JPY 18,274 million a year ago. Operating profit was JPY 2,086 million compared to JPY 882 million a year ago. Profit before tax was JPY 2,153 million compared to JPY 1,517 million a year ago. Profit attributable to owners of parent was JPY 1,544 million or JPY 127.18 per basic share compared to JPY 944 million or JPY 77.27 per basic share a year ago.

For the year ending March 31, 2018, the company expects revenue of JPY 87,900 million, operating profit of JPY 8,500 million, profit before tax of JPY 8,600 million and profit attributable to owners of parent company was JPY 6,100 million or JPY 498.91 per share.