Seed Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2017. For the nine months, the company reported net sales of JPY 20,869 million compared to JPY 18,227 million a year ago. Operating income was JPY 1,510 million compared to JPY 1,254 million a year ago. Ordinary income was JPY 1,564 million compared to JPY 1,153 million a year ago. Net income attributable to owners of parent was JPY 1,063 million compared to JPY 698 million a year ago. Net income per share was JPY 127.49 compared to JPY 83.75 a year ago. Income before income taxes was JPY 1,570,843,000 compared to JPY 1,098,817,000 a year ago. Net cash provided by operating activities was JPY 2,165,959,000 compared to JPY 1,810,255,000 a year ago. Purchase of property, plant and equipment was JPY 1,726,378,000 compared to JPY 1,885,411,000 a year ago.

The company provided consolidated earnings guidance for the full year ending March 31, 2018. For the period, the company expects net sales of JPY 27,600 million, operating income of JPY 2,000 million, ordinary income of JPY 2,000 million, and net income attributable to owners of parent of JPY 1,400 million or JPY 80.29 per share.