Funai Electric Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2016. For the year, the company reported net sales of JPY 168,116 million against JPY 217,088 million a year ago. Operating loss was JPY 13,061 million against operating income of JPY 564 million a year ago. Ordinary loss was JPY 16,416 million against ordinary income of JPY 1,924 million a year ago. Net loss was JPY 36,221 million or JPY 1,061.62 per share against net income of JPY 1,354 million or JPY 39.70 per share a year ago. Cash flows used in activities was JPY 7,549 million against cash flows from operating activities of JPY 16,897 million a year ago. Net assets per share were JPY 2,504.70 against JPY 3,712.81 a year ago. Loss before income taxes and minority interests was JPY 34,422 million compared with income of JPY 2,244 million a year ago. Purchase of property, plant and equipment was JPY 2,113 million compared with JPY 3,164 million a year ago. Purchase of intangible assets was JPY 270 million compared with JPY 343 million a year ago. Purchase of investment securities was JPY 62 million compared with JPY 154 million a year ago.

For the year, the non-consolidated company reported net sales of JPY 133,632 million against JPY 154,549 million a year ago. Operating loss was JPY 9,132 million against JPY 1,841 million a year ago. Ordinary income was JPY 13,704 million against ordinary loss was JPY 343 million a year ago. Net loss was JPY 5,886 million or JPY 172.52 per share against net income of JPY 347 million or JPY 10.19 per share a year ago. Net assets per share were JPY 2,203.58 against JPY 2,417.62 a year ago.

For the half year ending September 2016, the company expects consolidated net sales of JPY 77,900 million, operating income of JPY 1,100 million, ordinary income of JPY 400 million and profit attributable to owners of parent of JPY 200 million or JPY 5.86 per share.

For the year ending March 2017, the company expects consolidated net sales of JPY 172,000 million, operating income of JPY 4,300 million, ordinary income of JPY 3,500 million and profit attributable to owners of parent of JPY 1,400 million or JPY 41.03 per share.