Nippon Valqua Industries Ltd. reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, net sales were ¥11,774 million compared to ¥10,379 million for the last year. Operating income was ¥1,506 million compared to ¥865 million for the last year. Ordinary income was ¥1,539 million compared to ¥722 million for the last year. Income before income taxes was ¥1,529 million compared to ¥691 million for the last year. Profit attributable to owners of parent was ¥1,061 million compared to ¥509 million for the last year.

For the six months of the 2018, the company expects net sales of ¥23,200 million compared to ¥22,000 million as previously forecasted, operating income of ¥2,700 million compared to ¥2,100 million as previously forecasted, ordinary income of ¥2,700 million compared to ¥2,000 million as previously forecasted, net profit of ¥1,700 million compared to ¥1,200 million as previously forecasted, and earnings per share of ¥96.24 compared to ¥67.93 as previously forecasted.

For the year ending March 31, 2018, the company expects net sales of ¥46,000 million compared to ¥45,000 million as previously forecasted, operating income of ¥5,000 million compared to ¥4,500 million as previously forecasted, ordinary income of ¥5,000 million compared to ¥4,400 million as previously forecasted, net profit of ¥3,000 million compared to ¥2,700 million as previously forecasted, and earnings per share of ¥169.83 compared to ¥152.83 as previously forecasted.