First-corporation Inc. reported non-consolidated earnings results for the year ended May 31, 2017. For the period, the company reported net sales of JPY 20,948 million compared to JPY 16,270 million a year ago. Operating income was JPY 2,075 million compared to JPY 1,601 million a year ago. Ordinary income was JPY 2,013 million compared to JPY 1,514 million a year ago. Net income was JPY 1,413 million compared to JPY 1,029 million a year ago. Diluted net income per share was JPY 112.83 compared to JPY 88.43 a year ago. Income before income taxes was JPY 1,998,191,000 compared to JPY 1,514,557,000 a year ago. Cash flows from operating activities was JPY 3,982,508,000 compared to Cash flows used in operating activities of JPY 3,846,643,000 a year ago. Purchase of property, plant and equipment was JPY 9,160,000 compared to JPY 13,962,000 a year ago. Purchase of intangible assets was JPY 9,160,000 compared to JPY 31,874,000 a year ago.

The company provided earnings guidance for the first half and fiscal year ending of May 31, 2018. For the first half, the company expects net sales to be of JPY 10,007 million. Operating income expected to be of JPY 742 million. Ordinary income expected to be of JPY 736 million. Net income expected to be of JPY 509 million. Net income per share expected to be of JPY 38.15.

For the year, the company expects net sales to be of JPY 27,667 million. Operating income expected to be of JPY 2,442 million. Ordinary income expected to be of JPY 2,392 million. Net income expected to be of JPY 1,653 million. Net income per share expected to be of JPY 123.82.