Nichidai Corporation announced consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, net sales were JPY 3,764 million, operating income was JPY 341 million, ordinary income was JPY 337 million and net income was JPY 224 million or JPY 24 per share against net sales of JPY 3,330 million, operating income of JPY 147 million, ordinary income of JPY 206 million and net income of JPY 127 million or JPY 14 per share for the same period a year ago.

For the second quarter of fiscal year ending March 31, 2015, the company expects net sales of JPY 6,950 million, operating income of JPY 520 million, ordinary income of JPY 500 million and net income of JPY 340 million or JPY 37 per share.

For the fiscal year ending March 31, 2015, the company expects net sales of JPY 14,500 million, operating income of JPY 1,140 million, ordinary income of JPY 1,100 million and net income of JPY 710 million or JPY 78 per share.

The company expects to declare second quarter fiscal 2015 dividend of JPY 8 per share and year end fiscal 2014 dividend of JPY 8 per share.