Murata Manufacturing Co., Ltd. reported consolidated and parent financial results for the year ended March 31, 2018. For the period, on consolidated basis, the company reported net sales of JPY 1,371,842 million against JPY 1,135,524 million a year ago. Operating income was JPY 162,146 million against JPY 201,215 million a year ago. Income before income taxes was JPY 167,801 million against JPY 200,418 million a year ago. Net income attributable to the company was JPY 146,086 million against JPY 156,060 million a year ago. Basic earnings per share were JPY 685.86 million against JPY 733.87 million a year ago. Net cash provided by operating activities was JPY 225,249 million against JPY 243,920 million a year ago. Capital expenditures were JPY 306,608 million against JPY 158,579 million a year ago. Return on equity was 10.4% against 12.1% a year ago.

For the period, on parent basis, the company reported net sales of JPY 948,594 million against JPY 831,136 million a year ago. Operating income was JPY 8,385 million against JPY 33,525 million a year ago. Income before income taxes was JPY 41,193 million against JPY 73,134 million a year ago. Net income was JPY 48,095 million against JPY 75,754 million a year ago. Basic earnings per share were JPY 225.82 million against JPY 356.23 million a year ago.

The company declared dividend of JPY 130.00 per share for the year ended March 31, 2018, payable on June 29, 2018 against JPY 110.00 per share paid a year ago.

The company provided dividend guidance for the fiscal second quarter ending September 30, 2018 and full year ending March 31, 2019. For the fiscal second quarter of 2019, the company expects to pay dividend of JPY 140.00 per share against JPY 130.00 per share paid a year ago.

For the year 2019, the company expects to pay dividend of JPY 140.00 per share against JPY 130.00 per share paid a year ago.

The company provided earnings guidance for the fiscal six months ending September 30, 2018 and full year ending March 31, 2019. For the six months, the company expects net sales of JPY 753,000 million, operating income of JPY 119,000 million, income before income taxes of JPY 120,000 million, net income attributable to the company of JPY 89,000 million and basic earnings per share attributable to the company of JPY 417.35. The company expects capital expenditures of JPY 197,000 million and depreciation and amortization to be JPY 53,000 million.

For the year 2019, the company expects net sales of JPY 1,575,000 million, operating income of JPY 240,000 million, income before income taxes of JPY 242,000 million, net income attributable to the company of JPY 180,000 million and basic earnings per share attributable to the company of JPY 844.08. The company expects capital expenditures of JPY 340,000 million and depreciation and amortization to be JPY 116,000 million.