Daikoku Denki Co., Ltd. reported earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 9,140 million compared to JPY 6,872 million a year ago. Operating income was JPY 787 million compared to JPY 718 million a year ago. Net income attributable to equities of parent was JPY 546 million compared to JPY 553 million a year ago. Net income per share was JPY 36.99 compared to JPY 37.46 a year ago.

The company provided earnings guidance for the half year ending September 30, 2019 and full year ending March 31, 2020. For the first half, the company expects net sales to be of JPY 16,500 million. Operating income expected to be of JPY 600 million. Net income attributable to owners of parent expected to be of JPY 400 million. Net income per share expected to be of JPY 27.06.

For the full year, the company expects net sales to be of JPY 34,000 million. Operating income expected to be of JPY 1,200 million. Net income attributable to owners of parent expected to be of JPY 800 million. Net income per share expected to be of JPY 54.12.