Nihon Seiko Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2017. For the period, the consolidated company reported net sales of ¥3,675 million, operating income of ¥431 million, ordinary income of ¥427 million, profit attributable to owners of the parent of the company of ¥316 million or net income per share of ¥25.96 compared to net sales of ¥2,705 million, operating income of ¥184 million, ordinary income of ¥152 million, profit attributable to owners of the parent of the company of ¥105 million or net income per share of ¥8.63 for the same period last year. Profit before income taxes was ¥457.08 million against ¥151.951 million a year ago.

The company expects second quarter dividend of ¥5.00 per share and year end dividend of ¥25.00 per share for the fiscal year ending March 31, 2018.

For the six months of fiscal year ending March 31, 2018, the consolidated company expects net sales of ¥6,500 million, operating income of ¥500 million, ordinary income of ¥500 million, profit attributable to owners of the parent of the company of ¥340 million or net income per share of ¥27.84.

For the full year of fiscal year ending March 31, 2018, the consolidated company expects net sales of ¥13,000 million, operating income of ¥1,000 million, ordinary income of ¥1,000 million, profit attributable to owners of the parent of the company of ¥680 million or net income per share of ¥278.44. Excluding the impact of the reverse stock split, earnings per share in the consolidated business forecasts for the fiscal year ending March 31, 2018 is ¥55.69.