Japan Asia Group Limited reported consolidated and non-consolidated earnings results for the fiscal year ended March 31, 2018. For the year, on consolidated basis, the company reported net sales of JPY 73,318 million against JPY 68,341 million a year ago. Operating profit was JPY 3,153 million against JPY 2,740 million a year ago. Ordinary profit was JPY 1,426 million against JPY 1,592 million a year ago. Profit attributable to shareholders of company was JPY 1,448 million or JPY 54.12 per share against JPY 1,778 million or JPY 65.87 per share a year ago. Profit before income taxes was JPY 2,684 million against JPY 2,831 million a year ago. Net cash provided by operating activities was JPY 853 million compared to net cash used in operating activities of JPY 1,906 million a year ago. Purchase of property, plant and equipment was JPY 21,744 million compared to JPY 6,864 million a year ago. Purchase of intangible assets was JPY 565 million compared to JPY 97 million a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 4,750 million against JPY 4,729 million a year ago. Operating profit was JPY 2,077 million against JPY 2,656 million a year ago. Ordinary profit was JPY 1,842 million against JPY 2,234 million a year ago. Profit was JPY 2,055 million or JPY 76.80 per share against JPY 5,161 million or JPY 191.13 per share a year ago.

For the year ending March 31, 2019, the company expects net sales of JPY 110,000 million; operating profit of JPY 3,200 million.