Sanyo Denki Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of ¥17,895 million against ¥20,596 million a year ago. Operating income was ¥1,043 million against ¥1,540 million a year ago. Ordinary income was ¥774 million against ¥1,679 million a year ago. Profit attributable to owners of parent was ¥556 million or ¥9.06 per share against ¥1,171 million or ¥18.85 per share a year ago. Net cash provided by operating activities during the first quarter under review amounted to ¥2,218 million against ¥1,312 million in the same period last year. Income before income taxes and non-controlling interests were ¥674 million against ¥1,679 million a year ago. Purchase of property, plant and equipment was ¥350 million against ¥567 million a year ago.

The company provided earnings guidance for the interim period ending September 2016 and year ending March 31, 2017. For the interim period ending September 2016, the company expects net sales of ¥39,300 million, operating income of ¥2,900 million, ordinary income of ¥2,900 million and profit attributable to owners of parent of ¥2,000 million or ¥32.71 per share.

For the year ending March 31, 2017, the company expects net sales of ¥82,300 million, operating income of ¥6,700 million, ordinary income of ¥6,700 million and profit attributable to owners of parent of ¥4,600 million or ¥75.23 per share.