Sumitomo Forestry Co., Ltd. announced consolidated and non-consolidated financial results for the year ended March 31, 2018. For the year, on consolidated basis, the company reported net sales were JPY 1,221,998 million compared to JPY 1,113,364 million for the same period a year ago. Operating income was JPY 53,021 million compared to JPY 53,989 million for the same period a year ago. Recurring income was JPY 57,865 million compared to JPY 57,841 million for the same period a year ago. Profit for the year attributable to owners of the parent was JPY 30,135 million compared to JPY 34,532 million for the same period a year ago. Net income per share diluted JPY 158.82 per share compared to JPY 183.76 for the same period a year ago. Return on equity was 10.3% compared to 13.3 for the same period a year ago. Net cash provided by operating activities was JPY 13,732 million compared to JPY 40,337 million for the same period a year ago.

For the year, on non-consolidated basis, the company reported net sales were JPY 701,534 million compared to JPY 714,040 million for the same period a year ago. Operating income was JPY 10,301 million compared to JPY 25,734 million for the same period a year ago. Recurring income was JPY 18,201 million compared to JPY 31,696 million for the same period a year ago. Net income was JPY 13,545 million compared to JPY 22,292 million for the same period a year ago. Net income per share diluted JPY 71.22 per share compared to JPY 118.63 for the same period a year ago. Net assets per share JPY 1,392.43 per share compared to JPY 1,298.59 per share.

For the fiscal year 2019, the company expects net sales to be JPY 1,310,000 million. Operating income expect to be JPY 54,500 million. Recurring income expect to be JPY 57,500 million. Profit for the year attributable to owners of the parent expects to be JPY 31,500 million. Net income per share expects to be JPY 173.76 per share.