Arisawa Manufacturing Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 9,140 million, operating income of JPY 625 million, ordinary income of JPY 810 million, and profit attributable to owners of the parent of JPY 624 million or JPY 17.38 per diluted share, compared to net sales of JPY 8,607 million, operating income of JPY 220 million, ordinary income of JPY 191 million, and profit attributable to owners of the parent of JPY 79 million or JPY 2.24 per basic and diluted share, a year ago. Income before income taxes was JPY 152,317,000 compared to JPY 101,811,000 a year ago.

The company revised consolidated earnings guidance for the six months ending September 30, 2017 and full year ending March 31, 2018. For the six months, the company expects net sales of JPY 18,600 million, operating income of JPY 1,350 million, ordinary income of JPY 1,800 million and profit attributable to owners of the parent of JPY 1,300 million or JPY 36.34 per share against previous guidance of net sales of JPY 18,300 million, operating income of JPY 1,000 million, ordinary income of JPY 1,400 million and profit attributable to owners of the parent of JPY 950 million or JPY 26.63 per share.

For the full year ending March 31, 2018, the consolidated company expects net sales of JPY 37,900 million, operating income of JPY 2,650 million, ordinary income of JPY 3,550 million and profit attributable to owners of the parent of JPY 2,650 million or JPY 74.09 per share against previous guidance of net sales of JPY 37,600 million, operating income of JPY 2,300 million, ordinary income of JPY 3,150 million and profit attributable to owners of the parent of JPY 2,300 million or JPY 64.47 per share.