FDK Corporation reported unaudited consolidated earnings results for the nine months ended December 31, 2017. For the period, the company reported net sales of JPY 54,894 million compared to JPY 55,571 million a year ago. Operating profit was JPY 638 million compared to operating loss of JPY 227 million a year ago. Ordinary profit was JPY 429 million compared to ordinary loss of JPY 320 million a year ago. Profit before income taxes was JPY 429 million compared to loss before income taxes of JPY 320 million a year ago. Profit attributable to owners of parent was JPY 226 million compared to loss attributable to owners of parent of JPY 641 million year ago. Net cash provided by operating activities was JPY 740 million compared to net cash used in operating activities of JPY 537 million a year ago. Purchase of property, plant and equipment was JPY 1,685 million compared to JPY 2,030 million a year ago. Purchase of intangible assets was JPY 68 million compared to JPY 58 million a year ago. Basic earnings per share was JPY 0.81 compared to loss per share of JPY 2.29 a year ago.

The company provided earnings guidance for the year ending March 31, 2018. For the period, the company expects net sales to be of JPY 72,000 million. Operating Profit expected to be of JPY 600 million. Ordinary Profit expected to be of JPY 250 million. Profit attributable to owners of parent expected to be of JPY 10 million. Net income per share expected to be of JPY 0.04.