Osaki Electric Co., Ltd. announced consolidated earnings results for the first quarter ended June 2019. For the quarter, the company reported of net sales of JPY 20,287 million compared to JPY 16,274 million a year ago. Operating income was JPY 1,159 million compared to JPY 601 million a year ago. Profit attributable to owners of parent was JPY 528 million compared to JPY 306 million a year ago. Net income per share was JPY 10.80 compared to JPY 6.27 a year ago.

The company revised earnings guidance for the first half of and full year of fiscal 2019. For the first half of fiscal 2019, the company now expects net sales of JPY 42,000 million, operating income of JPY 1,500 million and profit attributable to owners of parent of JPY 600 million compared to previous forecast of expects net sales of JPY 42,000 million, operating income of JPY 1,500 million and profit attributable to owners of parent of JPY 350 million.

For the full year of fiscal 2019, the company expects net sales of JPY 92,000 million, operating income of JPY 4,300 million and profit attributable to owners of parent of JPY 1,600 million. The full-year forecast is unchanged from the announcement on May 14, 2019.