Murata Manufacturing Co., Ltd. reported unaudited consolidated earnings results for third quarter and nine months ended December 31, 2017. For the third quarter, on consolidated basis, the company reported net sales of JPY 413,523 million against JPY 304,014 million a year ago. Operating income was JPY 44,915 million against JPY 56,057 million a year ago. Income before income taxes was JPY 42,572 million against JPY 52,907 million a year ago. Net income attributable to the company was JPY 29,420 million against JPY 42,286 million a year ago. Basic earnings per share were JPY 137.96 against JPY 198.77 a year ago. Capital expenditures were JPY 89,932 million compared to JPY 32,847 million a year ago.

For the nine months, on consolidated basis, the company reported net sales of JPY 1,033,145 million against JPY 865,934 million a year ago. Operating income was JPY 144,479 million against JPY 164,555 million a year ago. Income before income taxes was JPY 152,376 million against JPY 162,635 million a year ago. Net income attributable to the company was JPY 120,493 million against JPY 126,987 million a year ago. Basic earnings per share were JPY 565.93 against JPY 597.23 a year ago. Net cash provided by operating activities was JPY 128,917 million against JPY 152,202 million for the same period a year ago. Capital expenditures were JPY 222,753 million against JPY 110,916 million for the same period a year ago.

For the year ending March 31, 2018, the company expects net sales to be JPY 1,362,000 million, operating income to be JPY 170,000 million, income before income taxes to be JPY 180,000 million, net income attributable to the company to be JPY 144,000 million or basic earnings per share to be JPY 676.06.