Daikoku Denki Co., Ltd. reported consolidated earnings results for the first quarter of fiscal 2018. For the quarter, the company's net sales were JPY 7,288 million compared to JPY 11,087 million a year ago. Operating loss was JPY 330 million compared to income of JPY 1,337 million a year ago. Ordinary loss was JPY 266 million compared to income of JPY 1,399 million a year ago. Net loss attributable to equities of parent was JPY 195 million or JPY 13.21 per share compared to loss of JPY 908 million or JPY 61.47 per share a year ago.

The company provided earnings guidance for the first half and full year of 2018. For the first half ending September, 2018, the company expects net sales of JPY 19,000 million, operating income of JPY 100 million, ordinary income of JPY 100 million and net income of JPY 50 million or JPY 3.38 per share.

For the full year ending March 31, 2018, the company expects net sales of JPY 39,000 million, operating income of JPY 1,300 million, ordinary income of JPY 1,300 million and net income of JPY 800 million or JPY 54.12 per share.