NTN Corporation announced unaudited consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 171,675 million against JPY 189,199 million a year ago. Operating income was JPY 3,119 million against JPY 9,922 million a year ago. Net income was JPY 2,363 million against JPY 6,470 million a year ago. Net income per share was JPY 4.51 against JPY 11.12 a year ago.

The company provided consolidated earnings guidance for the first half of fiscal 2020 and full year ending March 31, 2020. For the first half of fiscal 2020, the company expects consolidated net sales of JPY 340,000 million, operating income of JPY 6,000 million, net income attributable to shareholder of the parent company of JPY 1,000 million and net income per share of JPY 1.88.

For the full year ending March 31, 2020, the company expects consolidated net sales of JPY 690,000 million, operating income of JPY 15,000 million, net income attributable to shareholder of the parent company of JPY 3,000 million and net income per share of JPY 5.65.

The company provided second quarter-end and year-end dividend guidance for the full year ending March 31, 2020. The company expects second quarter end dividend of JPY 7.50 per share compared to JPY 7.50 per share paid a year ago.

The company expects year-end dividend of JPY 7.50 per share for the full year ending March 31, 2020 compared to JPY 7.50 per share paid a year ago.