JVC KENWOOD Corporation reported consolidated earnings results for the third quarter ended December 2016. For the quarter, the company reported net sales of ¥215,812 million against ¥214,540 million a year ago. Operating income was ¥1,497 million against ¥354 million a year ago. Ordinary loss was ¥256 million against ¥2,156 million a year ago. Net loss attributable to owners of parent was ¥10,742 million or ¥77.31 per basic share against ¥5,453 million or ¥39.31 per basic share a year ago.

For the year ending March 31, 2017, the company expects consolidated net sales of ¥297,500 million, operating income of ¥4,800 million, ordinary income of ¥2,500 million and net loss attributable to owners of parent of ¥7,300 million or ¥52.54 per share.

The company expects to pay dividend of ¥5.00 per share for the year ending March 31, 2017.