Showa Corporation reported consolidated earnings results for six months ended September 30, 2016. For the period, the company's net sales were ¥120,056 million against ¥128,574 million a year ago. Operating income was ¥17,627 million against ¥11,526 million a year ago. Profit before tax was ¥18,161 million against ¥11,861 million a year ago. Profit attributable to owners of the parent was ¥22,197 million against ¥6,422 million a year ago. Basic net income per share was ¥292.21 against ¥84.55 a year ago.

For the year ending March 31, 2017, the company expects net sales of ¥245,500 million, operating income of ¥9,500 million, profit before tax of ¥9,600 million and profit attributable to owners of the parent of ¥17,700 million or ¥233.00 per basic share.

For second quarter of 2017, the company announced nil dividend against ¥19.00 per share paid for same period a year ago.

For the year ending March 31, 2017, the company expects nil dividend against ¥8.00 per share paid for same period a year ago.