Furukawa Co. Ltd. reported consolidated and non-consolidated earnings results for the year ended March 2016. For the period, on consolidated the company reported net sales of ¥161,799 million compared with ¥172,544 million for the same period last year. Operating income was ¥7,988 million compared with ¥8,925 million for the same period last year. Ordinary income was ¥6,227 million compared with ¥6,603 million for the same period last year. Net income was ¥5,056 million or ¥12.51 basic per share compared with ¥9,793 million or ¥24.23 diluted per share for the same period last year. Cash flows from operating activities were ¥7,652 million compared with ¥10,241 million for the same period last year.

For the period, on non-consolidated basis the company reported net sales of ¥9,713 million compared with ¥8,570 million for the same period last year. Operating income was ¥4,556 million compared with ¥3,706 million for the same period last year. Ordinary income was ¥4,268 million compared with ¥3,325 million for the same period last year. Net income was ¥3,831 million or ¥9.48 basic per share compared with ¥1,948 million or ¥4.82 basic per share for the same period last year.

The company provided consolidated and non-consolidated earnings guidance for the six months and full year of fiscal 2017. For the six months ended September 2016, on consolidated basis the company reported expected net sales of ¥76,500 million, operating income of ¥3,000 million, ordinary income of ¥2,400 million, Profit attributable to owners of parent of ¥1,600 million and ¥3.96 per share.

For the full year, on consolidated basis the company expected net sales of ¥161,500 million, operating income of ¥8,000 million, ordinary income of ¥6,500 million, Profit attributable to owners of parent of ¥4,500 million and ¥11.14 per share.

The company provided earnings guidance for the six months and full year of fiscal 2017. For the six months ended September 2016, on non-consolidated basis the company reported expected net sales of ¥6,000 million, operating income of ¥3,500 million, ordinary income of ¥3,300 million, net profit of ¥3,200 million and ¥7.92 per share.

For the full year, on non-consolidated basis the company expected net sales of ¥9,000 million, operating income of ¥4,000 million, ordinary income of ¥3,800 million, net profit of ¥3,600 million and ¥8.91 per share.