MEC Company Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was JPY 2,765.8 million compared to JPY 3,955.16 million a year ago. Net income was JPY 82.2 million compared to JPY 793.64 million a year ago.

Basic earnings per share from continuing operations was JPY 4.32 compared to JPY 41.76 a year ago.