Apaman Co., Ltd. announced consolidated earnings results for the first quarter ended December 31, 2017. For the quarter, the company reported net sales of JPY 9,756 million compared to JPY 9,416 million a year ago. Operating income was JPY 173 million compared to JPY 242 million a year ago. Ordinary income was JPY 43 million compared to JPY 134 million a year ago. Profit attributable to owners of parent was JPY 69 million compared to JPY 61 million a year ago. EBITDA was JPY 585 million compared to JPY 658 million a year ago. Basic profit per share was JPY 3.93 against JPY 3.93 a year ago.

The company provided consolidated earnings guidance for the year ending September 30, 2018. For the year, the company now expects net sales of JPY 40,500 million, operating income of JPY 2,600 million, ordinary income of JPY 2,100 million and profit attributable to owners of the parent of JPY 800 million or JPY 44.94 per basic share.