Sanko Sangyo Co.,Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2016. For the year, on consolidated basis, reported net sales of JPY 9,831 million compared to JPY 10,047 million a year ago. Operating loss was JPY 241 million compared to operating income of JPY 23 million a year ago. Ordinary loss was JPY 257 million compared to ordinary income of JPY 68 million a year ago. Loss attributable to owners of parent was JPY 464 million or JPY 74.98 per basic share compared to profit attributable to owners of parent of JPY 62 million or JPY 10.12 per basic share a year ago. Rate of return on equity was negative at 5.5% compared to positive rate of return on equity of 0.7% a year ago. Cash inflows from operating activities were JPY 237 million compared to cash outflows from operating activities of JPY 111 million a year ago.

For the year, on non-consolidated basis, reported net sales of JPY 7,648 million compared to JPY 7,750 million a year ago. Operating loss was JPY 71.6 million compared to operating income of JPY 59.3 million a year ago. Ordinary income was JPY 62 million compared to JPY 310 million a year ago. Profit was JPY 22 million or JPY 3.62 per basic share compared to JPY 271 million or JPY 43.77 per basic share a year ago.

The company provided consolidated and non-consolidated earnings guidance for the year ending March 31, 2017. For the year, on consolidated basis, expects net sales of JPY 10,000 million, operating income of JPY 75 million, ordinary income of JPY 100 million and profit attributable to owners of parent of JPY 380 million or JPY 61.35 per basic share.

For the year, on non-consolidated basis, expects net sales of JPY 7,700 million, operating income of JPY 180 million, ordinary income of JPY 200 million and profit JPY 480 million or JPY 77.50 per basic share.