Tomoegawa Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, revenue was JPY 7,397 million against JPY 8,396 million a year ago. Operating income was JPY 89 million against JPY 104 million a year ago. Ordinary income was JPY 175 million against JPY 97 million a year ago. Net income attributable to owners of parent was JPY 285 million against JPY 25 million a year ago. Net income per share was JPY 5.60 against JPY 0.5 a year ago.

The company reported revised forecast for the current fiscal year ending on March 31, 2017. The company expects revenue of JPY 33,000 million instead of JPY 35,000 million. The company expects operating income of JPY 300 million instead of JPY 500 million for the fiscal year before revision. The company expects ordinary income of JPY 200 million instead of JPY 400 million for the fiscal year before revision. The company expects net income attributable to owners of parent of JPY 50 million instead of JPY 50 million for the fiscal year before revision. The company expects net income per share of JPY 0.98 instead of JPY 0.98 for the fiscal year before revision.