Otsuka Kagu, Ltd. reported non-consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported net sales of JPY 24,093 million compared to JPY 30,151 million a year ago. Operating loss was JPY 1,973 million compared to operating income of JPY 493 million a year ago. Ordinary loss was JPY 1,860 million compared to ordinary income of JPY 611 million a year ago. Loss was JPY 2,497 million or JPY 138.80 per basic share compared to profit of JPY 359 million or JPY 19.38 per basic share a year ago. Loss before income taxes was JPY 2,055.316 million compared to income before income taxes of JPY 603.158 million a year ago. Net cash used in operating activities JPY 2,793.504 million compared to net cash provided by operating activities of JPY 1,276.640 million a year ago. Purchase of property, plant and equipment was JPY 1,056.881 million compared to JPY 25.201 million a year ago. Purchase of intangible assets was JPY 15.161 million compared to JPY 2.747 million a year ago.

For the second half ending Dec. 31, 2016, the company now expects non-consolidated net sales of JPY 24,233 million, operating loss of JPY 1,890 million, ordinary loss of JPY 1,844 million and loss of JPY 1,861 million compared to previous guidance of net sales of JPY 29,665 million, operating income of JPY 393 million, ordinary income of JPY 439 million and profit of JPY 314 million. Depreciation is expected JPY 118 million.

For the year ending Dec. 31, 2016, the company now expects non-consolidated net sales of JPY 48,327 million, operating loss of JPY 3,863 million, ordinary loss of JPY 3,704 million and loss of JPY 4,358 million or JPY 245.37 per basic share compared to previous guidance of net sales of JPY 53,851 million, operating loss of JPY 1,549 million, ordinary loss of JPY 1,395 million and loss of JPY 1,661 million. Depreciation is expected JPY 235 million.