Koito Manufacturing Co. Ltd. reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of ¥219,340 million, operating income of ¥23,283 million, recurring profit of ¥24,491 million and profit attributable to owners of parent of ¥14,600 million or ¥90.82 per diluted share compared to net sales of ¥187,405 million, operating income of ¥17,295 million, recurring profit of ¥16,859 million and profit attributable to owners of parent of ¥10,002 million or ¥62.22 per diluted share reported in the same period last year. Income before income taxes was ¥22,807 million compared to ¥16,739 million a year ago. Net cash provided by operating activities was ¥30,269 million compared to ¥32,337 million a year ago. Acquisition of property and equipment was ¥9,477 million compared to ¥7,873 million a year ago. Net assets per share was ¥2,164.72 compared to ¥2,090.87 a year ago.

For the first half, on consolidated basis, the company expects net sales of ¥433,000 million, operating income of ¥47,000 million, recurring profit of ¥49,000 million and profit attributable to owners of parent of ¥28,000 million and net income per share ¥174.24 per share against its previous forecast of net sales of ¥418,000 million, operating income of ¥42,000 million, recurring profit of ¥43,000 million and profit attributable to owners of parent of ¥25,000 million and net income per share ¥155.58 per share.

For the full year ending March 2018, on consolidated basis, the company expects net sales of ¥876,000 million, operating income of ¥96,000 million, recurring profit of ¥99,000 million and profit attributable to owners of parent of ¥60,000 million and net income per share ¥373.38 per share against its previous forecast of net sales of ¥861,000 million, operating income of ¥91,000 million, recurring profit of ¥93,000 million and profit attributable to owners of parent of ¥57,000 million and net income per share ¥354.71 per share.

For the first half, on non-consolidated basis, the company expected net sales of ¥161,000 million, operating income of ¥18,000 million, recurring profit of ¥30,000 million and net income of ¥20,000 million and net income per share ¥124.46 per share against its previous forecast of net sales of ¥154,000 million, operating income of ¥14,000 million, recurring profit of ¥26,000 million and net income of ¥18,000 million and net income per share ¥112.01 per share.

For the full year ending March 2018, on non-consolidated basis, the company expected net sales of ¥330,000 million, operating income of ¥35,000 million, recurring profit of ¥52,000 million and net income of ¥36,000 million or ¥224.03 per share against its previous forecast of net sales of ¥323,000 million, operating income of ¥31,000 million, recurring profit of ¥48,000 million and net income of ¥34,000 million or ¥211.58 per share.