River Eletec Corporation reported earnings results for the first quarter ended June 2015. For the quarter, the company reported net sales of ¥1,355 million compared with ¥953 million for the same period last year. Operating loss was ¥36 million compared with ¥242 million for the same period last year. Ordinary loss was ¥20 million compared with ¥261 million for the same period last year. Loss attributable to owners of parent was ¥24 million or ¥3.28 per share compared with ¥242 million or ¥32.93 per share for the same period last year.

The company provided earnings guidance for second quarter and full year of fiscal 2016. For the full year ended March 2016, the company expected net sales of ¥5,485 million, operating income of ¥32 million, ordinary income of ¥26 million, profit attributable to owners of parent of ¥16 million or ¥2.19 per share.

For the second quarter ended September 2016, the company expected net sales of ¥2,570 million, operating income of ¥8 million, ordinary income of ¥9 million, profit attributable to owners of parent of ¥5 million or ¥0.73 per share.