Sanyo Denki Co., Ltd. announced consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported net sales of JPY 54,093 million compared to JPY 60,108 million a year ago. Operating income was JPY 3,127 million compared to JPY 4,053 million a year ago. Ordinary income was JPY 3,423 million compared to JPY 4,232 million a year ago. Profit attributable to owners of parent company was JPY 2,503 million or JPY 40.87 per share compared to JPY 2,741 million or JPY 44.14 per share a year ago. Income before income taxes was JPY 3,421 million compared to JPY 4,232 million a year ago. Net cash provided by operating activities amounted to JPY 3,210 million against JPY 2,454 million in the same period last year. Purchase of property, plant and equipment was JPY 902 million compared to JPY 1,558 million a year ago. Net assets per share were JPY 892.71 compared to JPY 838.80 a year ago.

For the year ending March 31, 2017, the company expects net sales of JPY 82,300 million, operating income of JPY 6,700 million, ordinary income of JPY 6,700 million and profit attributable to owners of parent company was JPY 4,600 million or JPY 75.23 per share.