Murata Manufacturing Co., Ltd. reported unaudited consolidated earnings results for third quarter and nine months ended December 31, 2016. For the third quarter, on consolidated basis, the company reported net sales of JPY 304,014 million against JPY 339,678 million a year ago. Operating income was JPY 56,057 million against JPY 83,274 million a year ago. Income before income taxes was JPY 52,902 million against JPY 83,710 million a year ago. Net income attributable to the company was JPY 42,286 million against JPY 60,766 million a year ago. Basic earnings per share were JPY 198.77 against JPY 287.03 a year ago. Capital expenditures were JPY 32,847 million compared to JPY 37,590 million a year ago.

For the nine months, on consolidated basis, the company reported net sales of JPY 865,934 million against JPY 949,487 million a year ago. Operating income was JPY 164,555 million against JPY 235,414 million a year ago. Income before income taxes was JPY 162,635 million against JPY 240,023 million a year ago. Net income attributable to the company was JPY 126,987 million against JPY 176,132 million a year ago. Basic earnings per share were JPY 597.23 against JPY 831.97 a year ago. Net cash provided by operating activities was JPY 152,202 million against JPY 109,290 million for the same period a year ago. Capital expenditures were JPY 110,916 million against JPY 126,015 million for the same period a year ago.

For the year ending March 31, 2017, the company expects net sales to be JPY 1,115,000 million, operating income to be JPY 200,000 million, income before income taxes to be JPY 203,000 million, net income attributable to the company to be JPY 156,000 million or basic earnings per share to be JPY 733.59.