Funai Electric Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Consolidated Earnings Guidance for the Half Year Ending September 2016 and Year Ending March 2017
For the year, the non-consolidated company reported net sales of JPY 133,632 million against JPY 154,549 million a year ago. Operating loss was JPY 9,132 million against JPY 1,841 million a year ago. Ordinary income was JPY 13,704 million against ordinary loss was JPY 343 million a year ago. Net loss was JPY 5,886 million or JPY 172.52 per share against net income of JPY 347 million or JPY 10.19 per share a year ago. Net assets per share were JPY 2,203.58 against JPY 2,417.62 a year ago.
For the half year ending September 2016, the company expects consolidated net sales of JPY 77,900 million, operating income of JPY 1,100 million, ordinary income of JPY 400 million and profit attributable to owners of parent of JPY 200 million or JPY 5.86 per share.
For the year ending March 2017, the company expects consolidated net sales of JPY 172,000 million, operating income of JPY 4,300 million, ordinary income of JPY 3,500 million and profit attributable to owners of parent of JPY 1,400 million or JPY 41.03 per share.