Nihon Chouzai Co.,Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of JPY 54,476 million compared to JPY 48,895 million a year ago. Operating income was JPY 1,620 million compared to JPY 2,052 million a year ago. Ordinary income was JPY 1,545 million compared to JPY 1,896 million a year ago. Profit attributable to owners of the parent was of JPY 981 million or JPY 61.34 per share compared to JPY 1,221 million or JPY 87.10 per share a year ago. Profit before income taxes was JPY 1,548 million compared to JPY 1,896 million a year ago.

The company provided consolidated earnings guidance for the first half and full year of year ending March 31, 2017. For the first half, the company expects net sales of JPY 118,321 million, operating income of JPY 4,991 million, ordinary income of JPY 4,829 million and profit attributable to owners of parent was of JPY 3,086 million or JPY 193.00 per share.

For the full year, the company expects net sales of JPY 240,013 million, operating income of JPY 11,165 million, ordinary income of JPY 10,778 million and profit attributable to owners of parent was of JPY 6,642 million or JPY 415.27 per share.