Daikoku Denki Co., Ltd. reported earnings results for the first quarter of year ending March 31, 2016. For the quarter, the company reported net sales of JPY 11,595 million compared to JPY 12,913 million a year ago. Operating income was JPY 609 million compared to JPY 1,493 million a year ago. Ordinary income was JPY 662 million compared to JPY 1,536 million a year ago. Profit attributable to the owners of the parent company was JPY 344 million compared to JPY 957 million a year ago. Net income per share was JPY 23.30 compared to JPY 64.77 a year ago.

The company provided dividend guidance for the second quarter of fiscal year 2016 and full year ended March 31, 2016. For the quarter, the company expected dividend of JPY 10.00 per share. Dividend for the same period previous year was JPY 10.00 per share.

For the full year 2016, the company expected dividend of JPY 40.00 per share. Dividend for the same period previous year was JPY 60.00 per share.

The company provided earnings guidance for the first half ending September 2016 and full year ending March 31, 2016. For the first half ending, the company expected net sales of JPY 27,000 million, operating income of JPY 1,500 million, ordinary income of JPY 1,500 million, net income of JPY 1,000 million and net income per share of JPY 67.64.

For the full year ending March 31, 2016, the company expected net sales of JPY 55,000 million, operating income of JPY 3,000 million, ordinary income of JPY 3,000 million, net income of JPY 2,000 million and net income per share of JPY 135.29.