Funai Electric Co., Ltd. announced consolidated earnings results for the six months ended September 30, 2016. For the six months, the company announced net sales of JPY 66,104 million against JPY 86,570 million a year ago. Operating loss was JPY 3,606 million against JPY 5,815 million a year ago. Loss before income taxes was JPY 7,364 million against JPY 7,522 million a year ago. Net loss attributable to owners of the parent company was JPY 7,648 million or JPY 224.18 per share against JPY 7,996 million or JPY 234.36 per share a year ago. Net cash used in operating activities was JPY 18,326 million against JPY 33,012 million a year ago. Purchase of property, plant and equipment was JPY 1,534 million compared to JPY 772 million for the same period a year ago. Purchase of intangible assets was JPY 51 million compared to JPY 116 million for the same period a year ago.

The company provided consolidated earnings guidance for the full year ending March 31, 2017. For the full year, the company expects to report net sales of JPY 134,500 million, operating income of JPY 4,000 million, ordinary income of JPY 8,000 million and net Income attributable to owners of parent company of JPY 8,200 million or JPY 240.33 per share.