Shibaura Electronics Co. Ltd. announced consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of ¥6,010 million against ¥5,376 million a year ago. Operating income was ¥683 million against ¥406 million a year ago. Ordinary income was ¥712 million against ¥359 million a year ago. Net income attributable to owners of parent was ¥484 million or ¥62.83 basic per share against ¥230 million or ¥29.60 basic per share a year ago.

The company provided consolidated earnings guidance for the first half and full year ending March 31, 2018. For the first half, the company expects net sales of ¥12,000 million, operating income of ¥1,250 million, ordinary income of ¥1,250 million and net income attributable to owners of parent of ¥920 million or ¥119.39 basic per share.

For the full year, the company expects net sales of ¥24,500 million, operating income of ¥2,650 million, ordinary income of ¥2,650 million and net income attributable to owners of parent of ¥1,960 million or ¥254.36 basic per share.