First-corporation Inc. announced non-consolidated financial results for the nine months ended February 28, 2018. For the nine months, the company reported net sales of JPY 14,656 million against JPY 17,620 million for the same period a year ago. Operating income was JPY 1,420 million against JPY 1,616 million for the same period a year ago. Ordinary income was JPY 1,411 million against JPY 1,568 million for the same period a year ago. Net income was JPY 960 million against JPY 1,073 million for the same period a year ago. Diluted net income per share was JPY 71.86 per share against JPY 85.41 per share for the same period a year ago. Income before income taxes was JPY 1,411,924,000 against JPY 1,568,910,000 for the same period a year ago.

For the fiscal year ending May 31, 2018, the company expects net sales to be JPY 23,080 million. Operating income is expected to be JPY 2,442 million. Ordinary income is expected to be JPY 2,392 million. Net income is expected to be JPY 1,653 million. Net income per share is expected to be JPY 123.82 per share.