Sanyo Housing Nagoya Co., Ltd. announced consolidated earnings results for the first quarter ended November 30, 2016. For the period, the company reported net sales of JPY 5,049 million compared with JPY 6,191 million for the same period a year ago. Operating loss was JPY 266 million compared with JPY 54 million for the same period a year ago. Ordinary loss was JPY 219 million compared with JPY 7 million for the same period a year ago. Loss attributable to owners of the parent was JPY 161 million or JPY 11.08 per share compared with JPY 3 million or JPY 0.27 per share for the same period a year ago. Loss before income taxes was JPY 220,924,000 compared with JPY 6,335,000 for the same period a year ago.

The company provided dividend guidance for the full year of fiscal 2017. The company plans to pay an interim dividend of JPY 19.00 per share and a final dividend of JPY 19.00 per share for the full year of fiscal 2017.

The company provided earnings guidance for the first half and full year of 2017. For the first half, the company expects to report net sales of JPY 16,382 million, operating income of JPY 444 million, ordinary income of JPY 531 million and profit attributable to owners of JPY 360 million or JPY 24.74 per share.

For the full year, the company expects to report net sales of JPY 37,911 million, operating income of JPY 1,475 million, ordinary income of JPY 1,644 million and profit attributable to owners of JPY 1,106 million or JPY 75.86 per share.