Shoei Co., Ltd. reported consolidated financial results for the first quarter ended December 31, 2015. For the quarter, the company reported operating income of ¥451.340 million, income before income taxes and minority interests of ¥493.614 million and profit attributable to owners of parent of ¥323.731 million or ¥23.50 per basic share on net sales of ¥2,561.186 million against operating income of ¥479.061 million, income before income taxes and minority interests of ¥412.459 million and profit attributable to owners of parent of ¥272.863 million or ¥19.81 per basic share on net sales of ¥2,589.347 million for the same period of last year. Net cash provided by operating activities was ¥2,666 million against ¥1,441 million for the same period of last year. Purchases of property, plant and equipment was ¥447 million against ¥356 million for the same period of last year.

For the fiscal year ending September 30, 2016, the company expects operating income and ordinary income of ¥2,550 million and net income of ¥1,720 million or ¥124.89 per basic share on net sales of ¥14,420 million.