Krosaki Harima Corporation announced consolidated earnings results for first quarter ended June 30, 2016. For the quarter, the company reported net sales of JPY 26,353 million compared to JPY 28,060 million a year ago. Operating income was JPY 1,564 million compared to JPY 1,009 million a year ago. Ordinary income was JPY 1,469 million compared to JPY 1,075 million a year ago. Net income before income taxes was JPY 1,465 million compared to JPY 1,089 million a year ago. Net income attributable to owners of the parent was JPY 877 million or JPY 10.41 per basic share compared to JPY 761 million or JPY 9.03 per basic share a year ago.

The company provided dividend guidance for the second quarter of 2017. The company expects to pay a dividend of JPY 4.00 per share compared to JPY 3.00 per share a year ago.

The company provided consolidated earnings guidance for the interim period of fiscal year 2017 and full year ending March 31, 2017. For the interim period, the company expects to report net sales of JPY 52,000 million, operating income of JPY 2,700 million, ordinary income of JPY 2,800 million, net income attributable to owners of the parent of JPY 1,700 million or JPY 20.16 per share.

For the full year, the company expects to report ordinary income of JPY 5,500 million.