Toyo Machinery & Metal Co. Ltd. reported consolidated earnings results for the first quarter ended June 30, 2017. For the period, the company reported net sales of JPY 7,598 million compared to JPY 5,917 million a year ago. Operating income was JPY 420 million compared to JPY 236 million a year ago. Ordinary income was JPY 419 million compared to JPY 203 million a year ago. Income before income taxes and minority interests was JPY 151 million compared to JPY 355 million a year ago. Profit attributable to owners of the parent was JPY 273 million or JPY 14.54 per basic earnings per share compared to JPY 60 million or JPY 3.23 per diluted share a year ago.

For the fiscal first half of 2018, on consolidated basis, the company expects net sales of JPY 14,500 million, operating income of JPY 1,100 million, ordinary income of JPY 1,110 million and profit attributable to owners of the parent of JPY 715 million or JPY 38.03 per share.

For the year ending March 31, 2018, on consolidated basis, the company expects net sales of JPY 30,000 million, operating income of JPY 2,400 million, ordinary income of JPY 2,400 million and profit attributable to owners of the parent company of JPY 1,560 million or JPY 82.97 per share.