KYB Corporation announced consolidated earnings results for the first quarter ended June 30, 2016. For the period, the consolidated company reported net sales of ¥87,776 million, operating income of ¥3,909 million, profit before tax of ¥3,991 million, net profit attributable to owners of the parent of the company of ¥3,709 million or net income per basic share of ¥14.52 compared to net sales of ¥90,853 million, operating income of ¥5,072 million, profit before tax of ¥5,233 million, net profit attributable to owners of the parent of the company of ¥3,108 million or net income per basic share of ¥12.17 for the same period last year. Net cash from operating activities was ¥8,632 million against ¥10,973 million a year ago. Payment for purchases of property, plant and equipment was ¥4,510 million against ¥6,590 million a year ago.

The company expects to pay second quarter dividend of ¥5.00 per share and year end dividend of ¥6.00 per share for the fiscal year ending March 31, 2017.

For the first half of fiscal year ending March 31, 2017, the company expects net sales of ¥174,000 million, operating profit of ¥6,300 million, profit before taxes of ¥6,000 million, net profit attributable to owners of the parent of the company of ¥4,400 million or net income per basic share of ¥17.22.

For the fiscal year ending March 31, 2017, the company expects net sales of ¥346,000 million, operating profit of ¥13,800 million, profit before taxes of ¥12,900 million, net profit attributable to owners of the parent of the company of ¥9,200 million or net income per basic share of ¥36.01.