Yamazaki Baking Co. Ltd. reported consolidated and non-consolidated earnings results for the second quarter ended June 30, 2016. For the quarter, on consolidated basis, the company reported net sales of JPY 520,668 million compared to JPY 508,652 million a year ago. Operating income was JPY 19,458 million compared to JPY 12,900 million a year ago. Ordinary income was JPY 19,767 million compared to JPY 13,573 million a year ago. Income before income taxes was of JPY 18,530 million compared to JPY 12,237 million a year ago. Profit attributable to owners of parent was JPY 9,398 million compared to JPY 3,991 million a year ago. Net cash provided by operating activities was of JPY 45,102 million compared to JPY 35,199 million a year ago.

For the quarter, on non-consolidated basis, the company reported net sales of JPY 369,213 million compared to JPY 359,150 million a year ago. Operating income was JPY 13,208 million compared to JPY 9,102 million a year ago. Ordinary income was JPY 14,428 million compared to JPY 10,803 million a year ago. Profit was JPY 7,627 million compared to JPY 3,824 million a year ago.

The company provided consolidated earnings guidance for the fiscal 2016. For the period, on consolidated basis, the company expects net sales of JPY 1,051,000 million, operating income of JPY 34,000 million, ordinary income of JPY 35,000 million and profit attributable to owners of parent of JPY 17,000 million.

The company provided non-consolidated earnings guidance for the fiscal 2016. For the period, on non-consolidated basis, the company expects net sales of JPY 740,000 million, operating income of JPY 22,000 million, ordinary income of JPY 24,200 million and profit of JPY 13,100 million.