Tsutsumi Jewelry Co., Ltd. announced earnings results for the first quarter ended June 30, 2017. For the period, the company reported net sales of ¥3,828 million, operating income of ¥13 million, ordinary income of ¥11 million, net income of ¥15 million and earnings per share of ¥0.86 against net sales of ¥4,593 million, operating income of ¥26 million, ordinary income of ¥45 million, net income of ¥5 million and earnings per share of ¥0.32 a year ago.

The company provided earnings guidance for the first half year and full year ending March 31, 2018. For the first half year, the company forecast net sales of ¥8,600 million, operating income of ¥130 million, ordinary income of ¥180 million, net income of ¥80 million, and earnings per share of ¥4.55.

For the full year ending March 31, 2018, the company forecast net sales of ¥18,200 million, operating income of ¥900 million, ordinary income of ¥1,000 million, net income of ¥610 million, and earnings per share of ¥34.70.