Shofu Inc. reported consolidated earnings results for the nine months ended December 31, 2016. For the period, net sales were JPY 16,454 million against JPY 17,050 million a year ago. Operating income was JPY 996 million against JPY 1,202 million a year ago. Ordinary income was JPY 869 million against JPY 1,124 million a year ago. Net income was JPY 653 million against JPY 720 million a year ago. Fully diluted net income per share was JPY 40.80 against JPY 44.86 a year ago. Income before income taxes and minority interests was JPY 869 million against JPY 1,105 million a year ago.

For the year ending March 31, 2017, on consolidated basis, the company expects net sales of JPY 22,304 million, operating income of JPY 1,514 million, ordinary income of JPY 1,164 million and net income of JPY 788 million or JPY 49.54 per share.