Kayaba Industry Company reported earnings results for the first quarter of fiscal year 2018. For the quarter, the company reported 14.7% year-on-year growth in net income to JPY 4.2 billion for the first quarter of fiscal year 2018. Net sales during the period grew 6.5% year on year to JPY 93.5 billion. Higher sales helped the company record 62.4% year on year growth in operating income to JPY 6.3 billion.

The company revised earnings guidance for the year ending March 31, 2018. For the year ending March 31, 2018, the company now expects net sales of JPY 374 billion, up from an earlier forecast of JPY 355 billion. Operating income is expected to reach JPY 20 billion, up from a previously forecast JPY 15.6 billion and net income is seen at JPY 13.3 billion, compared with a previous projection of JPY 9.3 billion.