Net income attributable to the company rose to ¥193.3bn ($1.78bn), from ¥179.5bn.

Sales in its eco solutions division fell 3% to ¥1,610.8bn in the year to 31 March, 2016, mainly due to poor demand for its PV modules in Japan.

The unit’s fiscal 2016 profit fell from ¥95.3bn to ¥78.4bn, It did not disclose PV module shipment data.

The Osaka-based company’s fiscal 2016 operating profit rose 9% from a year earlier to ¥415.7bn,