Toyo Machinery & Metal Co. Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the period, the company reported net sales of JPY 5,917 million compared to JPY 5,605 million a year ago. Operating income was JPY 236 million compared to JPY 363 million a year ago. Ordinary income was JPY 203 million compared to JPY 381 million a year ago. Income before income taxes and minority interests was JPY 151 million compared to JPY 355 million a year ago. Profit attributable to owners of the parent was JPY 60 million or JPY 3.23 per basic earnings per share compared to JPY 292 million or JPY 14.20 per diluted share a year ago.

For the fiscal first half of 2017, on consolidated basis, the company expects net sales of JPY 13,000 million, operating income of JPY 760 million, ordinary income of JPY 670 million and profit attributable to owners of the parent of JPY 440 million or JPY 23.40 per share.

For the year ending March 31, 2017, on consolidated basis, the company expects net sales of JPY 27,000 million, operating income of JPY 1,830 million, ordinary income of JPY 1,740 million and profit attributable to owners of the parent company of JPY 1,270 million or JPY 67.54 per share.