FDK Corporation reported consolidated unaudited earnings results for the nine months ended Dec. 31, 2016. For the period, the company reported net sales of JPY 55,571 million against JPY 62,413 million a year ago. Operating loss was JPY 227 million against operating income of JPY 2,189 million a year ago. Ordinary loss was JPY 320 million against ordinary income of JPY 2,096 million a year ago. Loss attributable to owners of parent was JPY 641 million or JPY 2.29 per basic share against profit attributable to owners of parent of JPY 1,755 million or JPY 6.27 per basic share a year ago. Loss before income taxes was JPY 320 million against profit before income taxes of JPY 2,096 million a year ago. Net cash used in operating activities was JPY 562 million against net cash provided by operating activities of JPY 4,112 million a year ago. Purchase of property, plant and equipment was JPY 2,030 million against JPY 2,112 million a year ago. Purchase of intangible assets was JPY 58 million against JPY 65 million a year ago.

The company provided consolidated earnings guidance for the fiscal year ending March 31, 2017. For the period, the company expects net sales of JPY 75,000 million, operating income of JPY 200 million, ordinary loss of JPY 200 million and profit attributable to owners of parent of JPY 10 million or JPY 0.04 per share.