Nippon Thompson Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of JPY 10,677 million compared with JPY 11,635 million for the same period a year ago. Operating income was JPY 636 million compared with JPY 1,004 million for the same period a year ago. Ordinary income was JPY 61 million compared with JPY 1,248 million for the same period a year ago. Profit before income tax was JPY 61 million compared to JPY 1,248 million for the same period a year ago. Net loss attributable to owners of parent was JPY 30 million or JPY 0.42 loss per share compared to a profit of JPY 732 million or JPY 10.05 earnings per share for the same period a year ago.

The company provided earnings guidance for six months ending September 30, 2016 and full year ending March 31, 2017. For six months ending September 30, 2016, the company expects net sales of JPY 21,500 million, operating income of JPY 1,000 million, ordinary income of JPY 400 million and profit attributable to owners of parent of JPY 200 million or JPY 2.76 earnings per share.

For the year ending March 31, 2017, the company expects net sales of JPY 44,000 million, operating income of JPY 2,200 million, ordinary income of JPY 1,600 million and profit attributable to owners of parent of JPY 900 million or JPY 12.43 earnings per share.