Earth Chemical Co., Ltd. reported consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, on consolidated basis, net sales were JPY 38,821 million compared to JPY 36,829 million for the last year. Operating income was JPY 3,463 million compared to JPY 2,792 million for the last year. Ordinary income was JPY 3,523 million compared to JPY 2,918 million for the last year. Profit attributable to owners of parent was JPY 2,133 million compared to JPY 1,456 million for the last year. Basic earnings per share were JPY 105.66 compared to JPY 72.14 for the last year.

The company provided earnings guidance for the first half and full year of 2016. For the six months ending June 30, 2016, the company expects net sales of JPY 99,692 million, operating income of JPY 11,260 million, ordinary income of JPY 11,837 million and profit attributable to owners of parent of JPY 7,724 million or JPY 382.48 basic earnings per share.

For the year ending December 31, 2016, the company expects net sales of JPY 170,000 million, operating income of JPY 5,100 million, ordinary income of JPY 5,900 million and profit attributable to owners of parent of JPY 3,000 million or JPY 148.55 per share.