Y.A.C. Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2016. For the period, the company reported net sales of JPY 7,711 million compared with JPY 4,695 million for the same period a year ago. Operating income was JPY 50 million compared with JPY 217 million for the same period a year ago. Ordinary loss was JPY 152 million compared with ordinary income of JPY 220 million for the same period a year ago. Loss attributable to owners of parent was JPY 185 million or JPY 20.82 per basic share compared with profit attributable to owners of parent of JPY 106 million or JPY 11.95 per basic share for the same period a year ago. Loss before income taxes was JPY 157.624 million compared with income before income taxes of JPY 220.800 million for the same period a year ago.

The company provided earnings guidance for the first half and full year of 2017. For the first half, the company expects to report net sales of JPY 13,000 million, operating income of JPY 400 million, ordinary income of JPY 350 million and profit attributable to owners of parent of JPY 230 million or JPY 25.76 per share.

For the full year, the company expects to report net sales of JPY 30,000 million, operating income of JPY 1,500 million, ordinary income of JPY 1,350 million and profit attributable to owners of parent of JPY 890 million or JPY 99.68 per share.