ShinMaywa Industries, Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of JPY 43,519 million against JPY 43,503 million a year ago. Operating income was JPY 1,660 million against JPY 4,445 million a year ago. Ordinary income was JPY 1,509 million against JPY 4,477 million a year ago. Profit attributable to owners of parent was JPY 951 million against JPY 2,909 million a year ago. Net income per share was JPY 9.75 against JPY 29.19 a year ago. Profit before income taxes was JPY 1,562 million against JPY 4,457 million a year ago.

The company provided earnings guidance for the second quarter and full year of the fiscal year ending March 31, 2017. For the quarter, the company expects net sales of JPY 94,500 million, operating income of JPY 4,000 million, ordinary income of JPY 4,200 million, profit attributable to owners of parent of JPY 2,700 million and net income per share of JPY 28.28.

For the full year, the company expects net sales of JPY 197,000 million, operating income of JPY 10,500 million, ordinary income of JPY 10,900 million, profit attributable to owners of parent of JPY 7,500 million and net income per share of JPY 78.56.