Ushio Inc. announced consolidated earnings results for the nine months ended Dec. 31, 2016. For the nine months, the company reported net sales of ¥124,989 million against ¥134,551 million a year ago. Operating income was ¥5,733 million against ¥10,491 million a year ago. Income before income taxes was ¥9,184 million against ¥14,613 million a year ago. Profit attributable to owners of parent was ¥6,087 million or ¥47.58 per share against ¥9,547 million or ¥73.70 per share a year ago. Net cash provided by operating activities was ¥8,405 million against ¥5,898 million a year ago. Purchase of property, plant and equipment was ¥4,628 million against ¥2,982 million a year ago. Purchase of intangible assets was ¥255 million against ¥130 million a year ago. Ordinary income was ¥8,069 million against ¥13,059 million a year ago.

The company provided earnings guidance for the fiscal year ending March 31, 2017. For the year, the company expects net sales of ¥170,000 million, operating income of ¥9,000 million, ordinary income of ¥10,000 million and profit attributable to owners of parent of ¥7,000 million or ¥54.72 per share.

For the fiscal year ending March 31, 2017, the company expects dividend of ¥26.00 per share against ¥26.00 per share paid last year.