Chuo Kagaku Co., Ltd. revised consolidated and non-consolidated earnings guidance for the fiscal year ending March 31, 2017. For the year, the consolidated company expects sales of ¥60,000 million, operating income of ¥400 million, ordinary income of ¥100 million, net loss of ¥200 million or ¥9.92 loss per share compared to sales of ¥60,000 million, operating income of ¥1,200 million, ordinary income of ¥1,000 million, net income of ¥700 million or ¥34.74 income per share for the same period expected previously. For the year, the non-consolidated company expects sales of ¥53,000 million, ordinary income of ¥200 million, net income of ¥100 million or ¥4.96 income per share compared to sales of ¥53,000 million, ordinary income of ¥1,000 million, net income of ¥700 million or ¥34.74 income per share for the same period expected previously. Although growth in food sales, which have a direct impact on the food packaging industry, have been sluggish at department stores and supermarkets, convenience stores have seen increased demand and a gradual recovery of sales. Despite steady growth in the sales of existing products, however, profits are expected to be less than initially forecast. This is due mainly to the aforementioned delays in the development and production of eco-friendly and high value-added products and the resulting increases in development and production costs.