Tomita Electric Co., Ltd. reported consolidated earnings results for the first quarter ended April 30, 2016. For the quarter, the company reported net sales of ¥351 million against ¥389 million a year ago. Operating loss was ¥58 million against ¥22 million a year ago. Ordinary loss was ¥144 million against ¥14 million a year ago. Loss attributable to owners of parent was ¥145 million or ¥22.05 per basic share against ¥15 million or ¥2.42 per basic share a year ago. Net assets per share were ¥533.29 as on April 30, 2016.

For the year ending January 31, 2017, the company expects net sales of ¥1,743 million, operating income of ¥17 million, ordinary income of ¥20 million, profit attributable to owners of parent of ¥15 million or ¥2.34 per basic share.

For the six months ending July 31, 2016, the company expects net sales of ¥829 million, operating loss of ¥9 million, ordinary loss of ¥7 million, loss attributable to owners of parent of ¥10 million or ¥1.55 per basic share.