NHK Spring Co., Ltd. reported consolidated earnings results for the first quarter ended of June 30, 2016. For the quarter, the company reported net sales of JPY 150,538 million compared to JPY 156,777 million a year ago. Operating income was JPY 8,462 million compared to JPY 8,192 million a year ago. Ordinary Income was JPY 6,040 million compared to JPY 9,816 million a year ago. Profit attributable to owners of parent was JPY 4,672 million compared to JPY 6,725 million a year ago. Diluted net income per share was JPY 19.06 compared to JPOY 27.43 a year ago. Profit before income taxes was JPY 6,740 million compared to JPY 9,816 million a year ago.

The company provided earnings guidance for the first half and full year of 2017. For the first half, the company expects net sales to be of JPY 300,000 million. Operating income expected to be of JPY 14,000 million. Ordinary income expected to be of JPY 13,500 million. Net income attributable to owners of parent expected to be of JPY 9,000 million. Basic net income per share expected to be of JPY 37.05.

For the full year, the company expects net sales to be of JPY 621,000 million. Operating income expected to be of JPY 33,000 million. Ordinary income expected to be of JPY 34,000 million. Net income attributable to owners of parent expected to be of JPY 22,000 million. Basic net income per share expected to be of JPY 90.58.

The company provided dividend guidance for the first half and full year of 2017. For the first half, the company provided dividend guidance of JPY 11.00 per share compared to JPY 11.00 per share a year ago.

For the full year of 2016, the company provided dividend guidance of JPY 11.00 per share compared to JPY 11.00 per share a year ago.