Denka announced consolidated earnings results for the nine months ended December 31, 2015. For the nine months, the company reported net sales of JPY 277.5 billion against JPY 288.8 billion a year ago. Operating income was JPY 23.4 billion against JPY 17.4 billion a year ago. Ordinary income was JPY 21.7 billion against JPY 18.4 billion a year ago. Net income was JPY 15.9 billion against JPY 13.9 billion a year ago. Capital expenditure was JPY 14.9 billion against JPY 14.2 billion a year ago. Operating income was JPY 6.0 billon higher year on year, due to improvement in profitability of styrene resins and their products, by drop of raw material prices and gain of sales amount of exported products by positive effect of weaker yen.

The company provided earnings guidance for the fiscal year ending March 31, 2016. For the fiscal year ending March 31, 2016, the company expects net income of JPY 19 billion, or JPY 41.87 per share. The company expects net sales of JPY 375 billion, operating income of JPY 30 billion and ordinary income of JPY 27 billion.