Showa Aircraft Industry Co., Ltd. announced consolidated and individual earnings results for the year ended on March 31, 2017. For the period, on consolidated basis, the company's sales was JPY 23,430 million as compared to JPY 23,653 million for the same period last year. Operating income was JPY 1,892 million as compared to JPY 1,364 million for the same period last year. Net income was JPY 1,079 million as compared to JPY 687 million for the same period last year. Net income per share was JPY 33.09 as compared to JPY 21.09 for the same period last year. Cash flows from operating activities was JPY 2,980 million as compared to JPY 2,885 million for the same period last year.

For the year, on individual basis, the company's sales was JPY 19,634 million as compared to JPY 16,714 million for the same period last year. Operating income was JPY 1,714 million as compared to JPY 1,219 million for the same period last year. Net income was JPY 842 million as compared to JPY 594 million for the same period last year. Net income per share was JPY 25.84 as compared to JPY 18.24 for the same period last year.

The company provided consolidated and individual earnings guidance for the half year and full year 2018. For the half year, on consolidated basis, the company expects its sales to be JPY 11,000 million. Operating income expected to be JPY 800 million. Net income expected to be JPY 400 million. Net income per share expected to be JPY 12.26.

For the full year, on consolidated basis, the company expects its sales to be JPY 24,500 million. Operating income expected to be JPY 1,900 million. Net income expected to be JPY 1,000 million. Net income per share expected to be JPY 30.66.

For the half year, on individual basis, the company expects its sales to be JPY 10,000 million. Operating income expected to be JPY 750 million. Net income expected to be JPY 400 million. Net income per share expected to be JPY 12.26.

For the full year, on individual basis, the company expects its sales to be JPY 20,500 million. Operating income expected to be JPY 1,650 million. Net income expected to be JPY 850 million. Net income per share expected to be JPY 26.06.