Shinoken Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2020. For the quarter, net sales were JPY 24,982 million against JPY 29,650 million a year ago. Operating profit JPY 2,326 million against JPY 3,870 million a year ago. Profit attributable to owners of parent was JPY 1,222 million against JPY 2,621 million a year ago. Basic earnings per share was JPY 35.78 against JPY 77.49 a year ago. Diluted earnings per share was JPY 34.80 against JPY 75.18 a year ago.

For the half year ending June 30, 2020, the company expects net sales of JPY 55,000 million, operating profit of JPY 6,100 million and profit attributable to owners of the parent of JPY 4,000 million or JPY 116.99 per basic share.

For the full year ending December 31, 2020, the company expects net sales of JPY 102,000 million, operating profit of JPY 10,500 million, profit attributable to owners of the parent of JPY 7,000 million or JPY 204.73 per basic share.