Funai Electric Co., Ltd. reported consolidated earnings results for the first quarter ended June 2016. For the period, the company's net sales were JPY 25,090 million compared to JPY 37,832 million a year ago. Operating loss was JPY 2,873 million compared to JPY 4,223 million a year ago. Ordinary loss was JPY 5,859 million compared to JPY 3,719 million a year ago. Loss attributable to owners of parent was JPY 5,712 million or JPY 167.42 per share, compared to JPY 4,032 million or JPY 118.19 per share, a year ago.

The company provided earnings guidance for the sic months ended September 2016. For the six months, the company is expecting its net sales of JPY 70,600 million, operating loss of JPY 3,000 million, ordinary loss of JPY 6,900 million, loss attributable to owners of parent of JPY 6,700 million or JPY 196.37 per share.

For the full year ending March 31, 2017, the company is expecting its net sales of JPY 134,500 million, operating loss of JPY 4,000 million, ordinary loss of JPY 8,000 million, loss attributable to owners of parent of JPY 8,200 million or JPY 240.33 per share.