FDK Corporation announced unaudited consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, net sales were JPY 17,805 million against JPY 19,355 million a year ago. Operating loss was JPY 317 million against profit of JPY 390 million a year ago. Ordinary loss was JPY 634 million against ordinary profit of JPY 452 million a year ago. Loss before income taxes was JPY 634 million against profit of JPY 452 million a year ago. Loss attributable to owners of parent was JPY 713 million or JPY 2.55 per basic share against profit of JPY 441 million or JPY 1.58 per basic share a year ago. Net cash used in operating activities was JPY 1,146 million against net cash provided by operating activities JPY 985 million a year ago. Purchase of property, plant and equipment was JPY 259 million against JPY 718 million a year ago. Purchase of intangible assets was JPY 2 million against JPY 8 million a year ago.

The company provided earnings guidance for the full year ending March 31, 2017. For the year, the company expects to report net sales of JPY 82,000 million, operating income of JPY 1,500 million, ordinary income of JPY 1,000 million and profit attributable to owners of the parent of JPY 500 million or JPY 1.79 per share.