Shindengen Electric Manufacturing Co. Ltd. announced consolidated earnings results for the six months ended September 30, 2013. For the period, net sales were JPY 50,574 million, operating income was JPY 5,970 million, ordinary income was JPY 6,330 million and net income was JPY 5,337 million or JPY 51.80 per basic share against net sales of JPY 40,723 million, operating income of JPY 216 million, ordinary loss of JPY 778 million and net loss of JPY 905 million or JPY 9.21 per basic share for the same period a year ago. Income before income taxes was JPY 6,763 million against loss of JPY 889 million a year ago.

For the year ending March 31, 2014, the company expects net sales of JPY 105,800 million, operating income of JPY 11,000 million, ordinary income of JPY 10,300 million and net income of JPY 7,500 million or JPY 72.78 per basic share.