Daikoku Denki Co., Ltd. reported consolidated earnings results for the first quarter of fiscal 2017. For the quarter, the company's net sales were JPY 11,087 million compared to JPY 11,595 million a year ago. Operating income was JPY 1,337 million compared to JPY 609 million a year ago. Ordinary income was JPY 1,399 million compared to JPY 662 million a year ago. Net income was JPY 908 million compared to JPY 344 million a year ago. Net income per share was JPY 61.47 compared to JPY 23.30 a year ago.

The company provided earnings forecast for the six months and full year of fiscal 2017. For the six months ending September 2016, the company expects net sales of JPY 21,500 million, operating income of JPY 200 million, ordinary income of JPY 200 million and net income of JPY 120 million or JPY 8.12 per share.

For the full year ending March 31, 2017, the company expects net sales of JPY 50,000 million, operating income of JPY 1,000 million, ordinary income of JPY 1,000 million and net income of JPY 600 million or JPY 40.59 per share.

The company provided dividend guidance for the second quarter and year end of fiscal 2017. For the second quarter, the company expects to pay dividend of JPY 10 per share compare to JPY 10 per share paid in a year ago.

For the year end, the company expects to pay dividend of JPY 40 per share compare to JPY 40 per share paid in a year ago.