SMS Co. Ltd. announced consolidated earnings results for the first quarter ended June 30, 2016. For the period, the consolidated company reported net sales of ¥6,618 million, operating income of ¥1,668 million, ordinary income of ¥2,165 million, profit attributable to owners of the parent of ¥1,570 million or net income per diluted share of ¥38.60 compared to net sales of ¥5,421 million, operating income of ¥1,456 million, ordinary income of ¥1,869 million, profit attributable to owners of the parent of ¥1,292 million or net income per diluted share of ¥31.79 for the same period last year. Income before income taxes and minority interests was ¥1,868.82 million against ¥1,691.1 million a year ago. Net cash provided by operating activities was ¥1,695.44 million against ¥2,184.9 million a year ago. Purchase of property, plant and equipment was ¥12.6 million against ¥60.38 million a year ago. Purchase of intangible assets was ¥162.57 million against ¥122.41 million a year ago

The consolidated company expects net sales of ¥12,112 million, operating income of ¥1,956 million, ordinary income of ¥2,493 million, profit attributable to owners of the parent of ¥1,731 million or net income per share of ¥42.69 for the six months ending September 30, 2017.

The consolidated company expects net sales of ¥24,051 million, operating income of ¥3,432 million, ordinary income of ¥4,215 million, profit attributable to owners of the parent of ¥2,718 million or net income per share of ¥67.03 for the full year of fiscal year ending March 31, 2017.