Hitachi Chemical Company, Ltd. reported consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported revenue of JPY 168,932 million against JPY 152,042 million a year ago. Operating income was JPY 9,854 million against JPY 13,624 million a year ago. Income before income taxes was JPY 11,373 million against JPY 15,204 million a year ago. Net income was JPY 8,417 million against JPY 11,474 million a year ago. Net income attributable to owners of the parent was JPY 8,178 million or JPY 39.28 per basic share against JPY 11,193 million or JPY 53.75 per basic share a year ago. Net cash provided by operating activities was JPY 7,854 million compared to JPY 8,276 million a year ago. Expenses for property, plant and equipment acquired was JPY 12,007 million compared to JPY 10,453 million a year ago.

The company provided consolidated earnings guidance for the year ending March 31, 2019. For the year, the company expects revenue of JPY 710,000 million, operating income of JPY 59,000 million, income before income taxes of JPY 62,000 million and net income of JPY 47,000 million and net income attributable to owners of the parent of JPY 46,000 million or JPY 220.91 per basic share.