Sato Holdings Corporation announced unaudited consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company's net sales were JPY 25,341 million against JPY 25,556 million a year ago. Operating income was JPY 1,047 million against JPY 660 million a year ago. Ordinary income was JPY 850 million against JPY 759 million a year ago. Profit attributable to owners of parent was JPY 453 million or JPY 13.50 per diluted share against JPY 312 million or JPY 9.32 per diluted share a year ago. Profit before income taxes was JPY 851 million against JPY 677 million a year ago. Net cash provided by operating activities was JPY 2,321 million against JPY 143 million for the same period last year. Purchase of property, plant and equipment was JPY 595 million against JPY 786 million last year. Purchase of intangible assets was JPY 203 million against JPY 224 million last year.

For the first half of fiscal year ending March 31, 2017, on consolidated basis, the company expects net sales to be JPY 54,500 million, operating income to be JPY 3,300 million, ordinary income to be JPY 3,250 million and profit attributable to owners of parent to be JPY 2,000 million or JPY 59.66 per share.

For the fiscal year ending March 31, 2017, on consolidated basis, the company expects net sales to be JPY 113,000 million, operating income to be JPY 8,000 million, ordinary income to be JPY 7,900 million and profit attributable to owners of parent to be JPY 5,000 million or JPY 149.14 per share.