Nichidai Corporation announced consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, net sales were JPY 3,373 million against JPY 3,799 million a year ago. Operating income was JPY 50 million against JPY 267 million a year ago. Ordinary income was JPY 18 million against JPY 269 million a year ago. Net income attributable to owners of the parent was 45 million or JPY 5 per share against JPY 186 million or JPY 20 per share a year ago.

For the second quarter of fiscal year ending March 31, 2017, the company expects net sales of JPY 6,760 million, operating income of JPY 310 million, ordinary income of JPY 305 million and net income attributable to owners of the parent of JPY 195 million or JPY 21 per share.

For the fiscal year ending March 31, 2017, the company expects net sales of JPY 14,000 million, operating income of JPY 885 million, ordinary income of JPY 870 million and net income attributable to owners of the parent of JPY 575 million or JPY 63 per share.