TDK Corporation reported consolidated earnings results for the third quarter and nine months ended December 31, 2016. For nine months, net sales were JPY 903,953 million against JPY 882,342 million a year ago. Operating income was JPY 76,827 million against JPY 75,872 million a year ago. Income before income taxes was JPY 76,429 million against JPY 73,936 million a year ago. Net income attributable to TDK was JPY 57,089 million or JPY 443.82 per diluted share against JPY 56,414 million or JPY 429.05 per diluted share a year ago. Capital expenditures were JPY 134,504 million against JPY 114,799 million a year ago. Net cash provides by operating activities was JPY 115,364 million against JPY 117,528 million a year ago.

For the quarter, net sales were JPY 324,772 million against JPY 301,728 million a year ago. Operating income was JPY 32,514 million against JPY 30,297 million a year ago. Income before income taxes was JPY 32,103 million against JPY 29,854 million a year ago. Net income attributable to TDK was JPY 24,415 million or JPY 189.56 per diluted share against JPY 24,945 million or JPY 189.55 per diluted share a year ago. Capital expenditures were JPY 46,665 million against JPY 42,317 million a year ago.

For the fiscal year ending March 31, 2017, on consolidated basis, the company expects now net sales of JPY 1,150,000 million against previous guidance of JPY 1,140,000 million, operating income of JPY 213,000 million against previous guidance of JPY 76,000 million, income before income taxes income of JPY 212,000 million against previous guidance of JPY 75,000 million, net income attributable to TDK of JPY 145,000 million against previous guidance of JPY 52,000 million, capital expenditures of JPY 190,000 million against previous guidance of JPY 190,000 million and depreciation and amortization of JPY 90,000 million against previous guidance of JPY 90,000 million.