Shoei Foods Corporation announced consolidated earnings results for the first quarter ended January 2017. For the quarter, the company reported net sales of JPY 27,622 million compared to JPY 28,338 million a year ago. Operating income was JPY 1,811 million compared to JPY 1,462 million a year ago. Ordinary income was JPY 1,836 million compared to JPY 1,434 million a year ago. Profit attributable to owners of parent was JPY 1,172 million or JPY 68.74 per basic share compared to JPY 930 million or JPY 54.58 per basic share a year ago.

The company provided consolidated earnings guidance for the six months ending April 2017 and year ending October 2017. For the six months ending April 2017, the company expects net sales of JPY 54,000 million, operating income of JPY 2,750 million, ordinary income of JPY 2,800 million and profit attributable to owners of parent of JPY 1,800 million or JPY 105.56 per basic share.

For the year ending October 2017, the company expects net sales of JPY 102,000 million, operating income of JPY 4,800 million, ordinary income of JPY 4,800 million and profit attributable to owners of parent of JPY 3,050 million or JPY 178.87 per basic share.