HASEKO Corporation reported consolidated and non-consolidated earnings results for the first quarter ended June 30, 2016. On consolidated basis, net sales were ¥171.9 billion against ¥166.9 billion a year ago. Operating income was ¥14.6 billion against ¥11.3 billion a year ago. Ordinary income was ¥15.4 billion against ¥11.4 billion a year ago. Income before income taxes and profit attributable to non-controlling interests was ¥15.2 billion against ¥11.4 billion a year ago. Profit attributable to owners of parent was ¥10.5 billion against ¥8.5 billion a year ago. Net cash used in operating activities was ¥12.6 billion against ¥1.5 billion a year ago. Purchases of property, equipment and intangible assets were ¥8.9 billion against ¥22 billion last year.

On non-consolidated basis, net sales were ¥122.3 billion against ¥124.7 billion a year ago. Operating income was ¥14.4 billion against ¥11 billion a year ago. Ordinary income was ¥14.8 billion against ¥11.3 billion a year ago. Income before income taxes was ¥15.9 billion against ¥11.3 billion a year ago. Net income was ¥11.3 billion against ¥8.7 billion a year ago.

The company provided consolidated and non-consolidated earnings guidance for the six months ending September 30, 2016 and year ending March 31, 2017. On consolidated basis, for the six months ending September 30, 2016, the company expects net sales of ¥360 billion, operating income of ¥33 billion, ordinary income of ¥33 billion, income before income taxes and profit attributable to non-controlling interests of ¥33 billion, profit attributable to owners of parent of ¥22 billion.

On consolidated basis, for the year ending March 31, 2017, the company expects net sales of ¥800 billion, operating income of ¥80 billion, ordinary income of ¥78 billion, income before income taxes and profit attributable to non-controlling interests of ¥78 billion, profit attributable to owners of parent of ¥54 billion.

On non consolidated basis, for the six months ending September 30, 2016, the company expects net sales of ¥250 billion, operating income of ¥30 billion, ordinary income of ¥30 billion, income before income taxes of ¥30 billion and net income of ¥21 billion.

On non consolidated basis, for the year ending March 31, 2017, the company expects net sales of ¥565 billion, operating income of ¥67 billion, ordinary income of ¥66 billion, income before income taxes of ¥66 billion and net income of ¥46 billion.