Shibaura Electronics Co. Ltd. announced consolidated financial results for the six months ended Sep. 30, 2016. For the six months, the company reported operating income of ¥1,076 million and net income attributable to owners of parent of ¥688 million or ¥88.7 per basic share on net sales of ¥11,050 million against operating income of ¥817 million and net income attributable to owners of parent of ¥594 million or ¥76.44 per basic share on net sales of ¥10,565 million for the same period of last year. Income before income taxes was ¥997.926 million against ¥847.717 million for the same period of last year. Net cash provided by operating activities was ¥940.732 million against ¥967.915 million for the same period of last year. Purchase of intangible assets was ¥23.216 million against ¥51.948 million for the same period of last year.

For the year ending Mar. 31, 2017, the company expects, operating income of ¥2,000 million and net income attributable to owners of parent of ¥1,500 million or ¥193.23 per basic share on net sales of ¥22,400 million.

For the year ending Mar. 31, 2017, the company expects to pay an year end dividend of ¥55 per share.