Sanshin Electronics Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2016. For the period, the company reported net sales of JPY 199,075 million compared to JPY 219,091 million a year ago. Operating profit was JPY 1,913 million compared to JPY 3,260 million a year ago. Ordinary profit was JPY 1,500 million compared to JPY 3,117 million a year ago. Net profit was JPY 977 million compared to JPY 2,003 million a year ago. Net profit per share was JPY 34.70 compared to JPY 71.11 a year ago. Return on equity was 1.5% compared to 3.1% a year ago. Net assets per share were JPY 2,249.40 compared to JPY 2,328.64 for the same period a year ago. Net cash used in operating activities was JPY 5,186 million compared to JPY 6,090 million a year ago. Purchase of property and equipment was JPY 64 million compared to JPY 55 million a year ago. Purchase of software was JPY 30 million compared to JPY 145 million a year ago. Net profit before tax and other adjustments was JPY 1,493 million compared to JPY 3,116 million a year ago.

For the period, on a non-consolidated basis, the company reported net sales of JPY 157,423 million compared to JPY 162,469 million a year ago. Operating profit was JPY 1,056 million compared to JPY 1,636 million a year ago. Ordinary profit was JPY 1,070 million compared to JPY 2,884 million a year ago. Net profit was JPY 698 million compared to JPY 2,028 million a year ago. Net profit per share was JPY 24.80 compared to JPY 71.98 a year ago. Net assets per share were JPY 1,937.44 compared to JPY 1,977.72.

The company provided earnings guidance for the first half and full year of 2017. For the first half, the company expects net sales to be of JPY 86,000 million. Operating profit expected to be of JPY 240 million. Ordinary profit expected to be of JPY 240 million. Net profit attributable to shareholders of parental company expected to be of JPY 140 million. Net profit per share expected to be of JPY 4.97.

For the full year, the company expects net sales to be of JPY 180,000 million. Operating profit expected to be of JPY 1,350 million. Ordinary profit expected to be of JPY 1,350 million. Net profit attributable to shareholders of parental company expected to be of JPY 980 million. Net profit per share expected to be of JPY 34.78.