Krosaki Harima Corporation announced consolidated earnings results for first quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 29,549 million compared to JPY 26,353 million a year ago. Operating income was JPY 2,076 million compared to JPY 1,564 million a year ago. Ordinary income was JPY 2,251 million compared to JPY 1,469 million a year ago. Net income attributable to owners of the parent was JPY 1,486 million or JPY 17.63 per share compared to JPY 877 million or JPY 10.41 per share a year ago. Net income before income taxes was JPY 2,181 million compared to JPY 1,465 million a year ago.

The company provided consolidated earnings guidance for the interim period and full year of fiscal year ending March 31, 2018. For the interim period, the company expects net sales of JPY 60,000 million, operating income of JPY 3,100 million, ordinary income of JPY 3,300 million, net income attributable to owners of the parent of JPY 2,100 million or JPY 24.90 per share.

For the full year, the company expects net sales of JPY 120,000 million, operating income of JPY 7,300 million, ordinary income of JPY 7,500 million, net income attributable to owners of the parent of JPY 4,800 million or JPY 569.21 per share.