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Aisin Seiki reports higher full-year profit

Japanese auto parts maker Aisin Seiki Co. Ltd. reported net income of ¥134.55 billion in fiscal 2018, up from ¥126.65 billion in the previous year.

Diluted earnings came in at ¥490.09 per share in the year that ended March 31, up from ¥443.98 per share a year ago.

Revenue rose to ¥3.909 trillion from ¥3.563 trillion. Revenue from Aisin Seiki Group stood at ¥1.776 trillion from ¥1.642 trillion, while the Aisin AW Group revenue was ¥1.621 trillion from ¥1.431 trillion.

Aisin Takaoka Group revenue came in at ¥295.72 billion, up from ¥273.08 billion.

Operating profit increased to ¥253.81 billion from ¥228.69 billion.

Aisin Seiki expects its fiscal 2019 profit to come in at ¥133 billion, or ¥493.52 per share.

As of May 14, US$1 was equivalent to ¥109.61