Funai Electric Co., Ltd. reported consolidated earnings results for the first six months ended September 30, 2017. For the period, the company reported net sales of JPY 72,132 million against JPY 66,104 million for the same period a year ago. Operating loss was JPY 4,037 million against JPY 3,606 million for the same period a year ago, due to high price of components such as memories, as well as price intense competition in Americas. Ordinary loss was JPY 3,649 million against JPY 7,490 million for the same period a year ago. Net loss attributable to owners of parent was JPY 13,083 million against JPY 7,648 million for the same period a year ago. Net loss per share was JPY 383.48 against JPY 224.18 for the same period a year ago. Loss before income taxes was JPY 13,490 million against JPY 7,364 million for the same period a year ago. Net cash used in operating activities was JPY 9,972 million against JPY 18,326 million for the same period a year ago. Purchase of property, plant and equipment was JPY 979 million against JPY 1,534 million for the same period a year ago. Purchase of intangible assets was JPY 298 million against JPY 51 million for the same period a year ago.

The company provided consolidated earnings guidance for the year ending March 31, 2018. For the year, the company expects net sales of JPY 140,000 million, operating loss of JPY 8,400 million, ordinary loss of JPY 8,000 million, net loss attributable to owners of parent JPY 17,400 million or JPY 509.86 per share.