First-corporation Inc. announced non-consolidated earnings results for the first quarter ended August 31, 2017. For the period, the company reported net sales of JPY 4,733 million compared to JPY 7,992 million a year ago. Operating income was JPY 410 million compared to JPY 674 million a year ago. Ordinary income was JPY 408 million compared to JPY 668 million a year ago. Net income was JPY 278 million compared to JPY 464 million a year ago. Diluted net income per share was JPY 20.86 compared to JPY 37.76 a year ago. Income before income taxes was JPY 408,736, 000 compared to JPY 668,628,000 a year ago.
The company provided earnings guidance for the first half and fiscal year ending of May 31, 2018. For the first half, the company expects net sales to be of JPY 10,007 million. Operating income expected to be of JPY 742 million. Ordinary income expected to be of JPY 736 million. Net income expected to be of JPY 509 million. Net income per share expected to be of JPY 38.15.

For the year, the company expects net sales to be of JPY 27,667 million. Operating income expected to be of JPY 2,442 million. Ordinary income expected to be of JPY 2,392 million. Net income expected to be of JPY 1,653 million. Net income per share expected to be of JPY 123.82.