Shindengen Electric Manufacturing Co. Ltd. reported consolidated earnings results for the first quarter ended June 30, 2013. For the quarter, the company reported net sales of ¥24,598 million against ¥20,699 million for the same period last year. Operating income was ¥2,449 million against ¥255 million for the same period last year. Net income was ¥2,650 million or ¥25.72 per basic share against ¥90 million or ¥0.67 per share for the same period last year. Income before income taxes was ¥3,189 million against ¥27 million for the same period last year. Income before minority interests was ¥2,650 million against ¥90 million for the same period last year.

The company provided dividend guidance for the fiscal year ending March 31, 2014. For the year, the company expects to pay a final dividend of ¥5.00 per share against ¥3.50 per share paid for the same period last year.

The company provided earnings guidance for the first half year of fiscal 2014. For the period, the company expects net sales of ¥52,200 million, operating income of ¥5,800 million and net income of ¥5,000 million or ¥48.52 per share.