Sanyo Denki Co., Ltd. announced consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported net sales of JPY 35,818 million compared to JPY 40,410 million a year ago. Operating income was JPY 2,329 million compared to JPY 3,041 million a year ago. Ordinary income was JPY 1,960 million compared to JPY 3,141 million a year ago. Profit attributable to owners of parent company was JPY 1,395 million or JPY 22.76 per share compared to JPY 1,959 million or JPY 31.55 per share a year ago. Income before income taxes was JPY 1,868 million compared to JPY 3,141 million a year ago. Net cash provided by operating activities was JPY 3,256 million compared to JPY 1,858 million a year ago. Purchase of property, plant and equipment was JPY 606 million compared to JPY 935 million a year ago.

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