Nippon Seiki’s net income up 9.3% y/y to USD104.5 million
Revenue up 7% y/y
Nippon Seiki has reported 9.3% year-over-year (y/y) increase in net income to JPY11.1 billion (USD104.5 million) in the financial year ended 31 March 2018, the company said in its annual report for FY2017/18. Revenue increased by 7% y/y to JPY263.1 billion. Despite increase in revenue, the company recorded 7% y/y decline in operating income to JPY14.1 billion.
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