First-corporation Inc. reported non-consolidated earnings results for the six months ended November 30, 2016. For the period, the company reported net sales of JPY 12,972 million against JPY 7,902 million a year ago. Operating income was JPY 1,016 million against JPY 765 million a year ago. Ordinary income was JPY 999 million against JPY 722 million a year ago. Net income was JPY 688 million or JPY 57.65 per share against JPY 480 million or JPY 42.32 per share a year ago. Income before income taxes was JPY 999,059 million against JPY 722,912 million a year ago. Diluted net income per share was JPY 55.93 against JPY 39.06 per share a year ago. Cash flows from operating activities were JPY 4,309,119,000 against cash flows used in operating activities of JPY 2,657,700,000 a year ago. Purchase of property, plant and equipment was JPY 2,600,000. Purchase of intangible assets was JPY 8,500,000.

For the year ending May 31, 2017, the company expects to pay dividend of JPY 37 per share compared to JPY 26 per share paid a year ago.

For the year ending May 31, 2017, the company expects net sales to be JPY 21,842 million, operating income to be JPY 1,908 million, ordinary income to be JPY 1,836 million, net income to be JPY 1,270 million or JPY 101.27 per share.