Meidensha Corporation announced consolidated earnings results for the first quarter ended June 30, 2019. For the period, the company reported net sales of JPY 38,151 million against JPY 38,836 million a year ago. Operating loss was JPY 3,642 million against JPY 3,468 million a year ago. Net loss was JPY 2,234 million against JPY 2,538 million a year ago.

For the year ending March 31, 2019, the company expects net sales of JPY 260,000 million, operating income of JPY 11,500 million, ordinary income of JPY 11,000 million, net income attributable to owners of the parent of JPY 7,800 million and net income per share of JPY 171.91.