SMK Corporation announced consolidated earnings results for the first half of fiscal year 2016. For the first half, the company reported net sales were ¥31,708 million compared to ¥39,315 million a year ago. Operating profit was ¥747 million compared to ¥2,572 million a year ago. Ordinary loss was ¥853 million compared to profit of ¥2,879 million a year ago. Net loss was ¥1,079 million compared to profit of ¥2,077 million a year ago. Loss before taxes was ¥895 million compared to profit of ¥2,745 million a year ago. Cash flow from operating activities was ¥2,451 million compared to profit of ¥243 million a year ago.

For the second half of fiscal year 2016, the company expects net sales of ¥33,992 million, operating profit of ¥1,853 million, ordinary profit of ¥2,153 million and net profit of ¥2,179 million.

For the full year 2016, the company revised net sales forecast from ¥76,000 million to ¥65,700 million, operating profit from ¥3,100 million to ¥2,600 million, ordinary profit forecast from ¥3,300 million to ¥1,300 million and net profit from ¥2,300 million to ¥1,100 million.