Sumitomo Heavy Industries, Ltd. reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of JPY 478,170 million against JPY 490,428 million a year ago. Operating income was JPY 31,664 million against JPY 30,863 million a year ago. Ordinary income was JPY 31,938 million against JPY 29,438 million a year ago. Net income attributed to shareholders of the parent company was JPY 23,792 million against JPY 19,063 million a year ago. Net income per share was JPY 38.82 against JPY 31.10 a year ago. Net cash provided by operating activities was JPY 10,676 million against net cash used in operating activities of JPY 6,835 million a year ago. Payments for purchases of property, plant, and equipment were JPY 16,764 million against JPY 14,685 million a year ago. Income before income taxes was JPY 32,942 million against JPY 27,910 million a year ago.

For the year ending March 31, 2017, the company expects net sales of JPY 660,000 million, operating income of JPY 43,000 million, ordinary income of JPY 40,000 million and net income attributed to shareholders of the parent company of JPY 26,000 million or JPY 42.43 projected net income per share.