FDK Corporation announced unaudited consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company announced net sales of JPY 17,372 million against JPY 17,805 million a year ago. Operating loss was JPY 157 million against JPY 317 million a year ago. Loss before income taxes was JPY 161 million against JPY 634 million a year ago. Loss attributable to owners of parent was JPY 281 million or JPY 1.01 per basic share against JPY 713 million or JPY 2.55 per basic share a year ago. Net cash provided by operating activities was JPY 744 million against net cash used in operating activities of JPY 1,146 million a year ago. Purchase of property, plant and equipment was JPY 664 million compared to JPY 259 million for the same period a year ago. Purchases of intangible assets was JPY 11 million compared to JPY 2 million for the same period a year ago.

The company provided consolidated earnings guidance for the full year ending March 31, 2018. For the full year, the company expects to report net sales of JPY 76,000 million, operating income of JPY 1,400 million, ordinary income of JPY 700 million and profit attributable to owners of parent company of JPY 400 million or JPY 1.43 per share.