Furusato Industries Ltd. reported unaudited consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, on consolidated basis the company reported net sales were ¥21,050,792,000 against ¥21,420,098,000 reported year ago. Operating income was ¥372,212,000 against ¥574,640,000 reported year ago. Ordinary income was ¥445,300,000 against ¥662,712,000 reported year ago. Net income attributable to owners of parent was ¥294,732,000 or ¥20.33 per share against ¥404,932,000 or ¥27.93 per share reported year ago. Income before income taxes was ¥476,074,000 against ¥657,802,000 reported year ago.

The company provided earnings guidance for the six months and year ending March 31, 2017. For the six months, the company forecast net sales of ¥44,650 million, operating income of ¥1,225 million, ordinary income of ¥1,350 million and net income attributable to owners of parent of ¥870 million or ¥60.01 per share.

For the year, the company forecast net sales of ¥94,700 million, operating income of ¥3,190 million, ordinary income of ¥3,460 million and net income attributable to owners of parent of ¥2,260 million or ¥155.88 per share.