Ryoyo Electro Corp. reported consolidated earnings results for the six months ended July 31, 2017. For the period, the company reported net sales of JPY 46,049 million compared to JPY 49,291 million a year ago. Operating income was JPY 689 million compared to JPY 787 million a year ago. Ordinary income was JPY 824 million compared to JPY 801 million a year ago. Net income attributable to owners of parent was JPY 575 million or JPY 23.37 per diluted share compared to JPY 564 million or JPY 22.88 per diluted share a year ago. Income before income taxes and minority interests was JPY 836 million compared to JPY 826 million a year ago. Net cash provided by operating activities was JPY 3,965 million compared to JPY 4,650 million a year ago. Purchase of property, plant and equipment and intangible assets was JPY 25 million against JPY 165 million for the same period a year ago.

The company provided earnings guidance for the full year ending January 31, 2018. For the year, the company expects net sales of JPY 100,000 million, operating income of JPY 1,550 million, ordinary income of JPY 1,650 million, profit attributable to the owners of the parent of JPY 1,100 million or JPY 44.89 per share.

The company announced interim dividend of JPY 30.00 per share for the six months ended July 31, 2017 compared to JPY 20.00 per share for the same period a year ago. The dividend will be paid on October 2, 2017.

The company provided dividend guidance for the year ending January 31, 2018. For the year, the company expects to pay yearend dividend of JPY 30.00 per share against JPY 20.00 per share paid a year ago.