JTEKT Corporation reported earnings results for the first quarter of fiscal year 2018. The company reported a 29.8% year-on-year growth in net income to JPY 16.2 billion for the first quarter of fiscal year 2018. Net sales for the period grew 4.5% year-on-year to JPY 335.7 billion. Despite higher sales, operating income decreased by 13.1% year-on-year to JPY 16.1 billion.

For the full year ending 31 March 2018, the company expects net income of JPY 42 billion and operating income of JPY 68 billion on net sales of JPY 1.3 trillion.