Showa Corporation Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
Showa Corporation reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company's net sales were ¥186,274 million against ¥193,408 million a year ago. Operating income was ¥11,778 million against ¥14,950 million a year ago. Profit before taxes was ¥11,171 million against ¥15,347 million a year ago. Profit attributable to owners of the parent was ¥17,311 million against ¥7,809 million a year ago. Basic earnings per share was ¥227.89 against ¥102.81 a year ago.
For the year ending March 31, 2017, the company expects net sales of ¥250,000 million, operating income of ¥8,500 million, profit before taxes of ¥8,500 million and profit for the year attributable to owners of the parent of ¥16,600 million or ¥218.52 per basic share.