Nippon Carbon Co., Ltd. reported consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net sales of JPY 5,727 million against JPY 5,586 million for the same period in the last year. Operating loss was JPY 61 million against operating income of JPY 160 million for the same period in the last year. Ordinary loss was JPY 50 million against ordinary income of JPY 131 million a year ago. Loss attributable to owners of parent was JPY 112 million or JPY 1.01 per share against profit attributable to owners of parent of JPY 159 million or JPY 1.44 per share for the same period in the last year. Net assets per share were JPY 223.56 as of March 31, 2017. Profit before income taxes was JPY 311 million against loss before income taxes of JPY 50 million a year ago.

For the six months ending June 30, 2017, the company forecasts net sales of JPY 11,200 million, operating income of JPY 200 million, ordinary income of JPY 100.

For the year ending December 31, 2017, the company forecasts net sales of JPY 26,000 million, operating income of JPY 1,000 million, ordinary income of JPY 1,100, profit attributable to owners of parent of JPY 1,000 million or JPY 9.02 per basic share.