River Eletec Corporation reported consolidated earnings results for the third quarter ended December 2016. For the quarter, the company reported net sales of ¥3,582 million against ¥4,382 million a year ago. Operating loss was ¥194 million against operating income of ¥109 million a year ago. Ordinary loss was ¥181 million against ordinary income of ¥121 million a year ago. Loss attributable to owners of parent was ¥191 million or ¥26.02 per basic share against profit attributable to owners of parent of ¥112 million or ¥15.21 per basic share a year ago.

For the fourth quarter ending March 31, 2017, the company expects consolidated net sales of ¥4,923 million, operating loss of ¥296 million, ordinary loss of ¥280 million and loss attributable to owners of parent of ¥292 million or ¥39.61 per basic share.

The company provided dividend guidance for the year ending March 31, 2017. For the year, the company expects to pay year-end dividend of JPY 1.50 per share compared to JPY 1.50 per share paid for the same period a year ago.