Ryoyo Electro Corp. reported consolidated earnings results for the first quarter ended April 30, 2018. For the quarter, the company reported net sales of JPY 22,675 million against JPY 23,305 million a year ago. Operating income was JPY 441 million against JPY 325 million a year ago. Ordinary income was JPY 461 million against JPY 331 million a year ago. Profit attributable to owners of parent was JPY 314 million against JPY 218 million a year ago. Fully diluted net income per share was JPY 12.78 against JPY 8.89 a year ago. Income before income taxes and minority interests was JPY 461 million against JPY 331 million a year ago.

For the six months ending July 31, 2018, the company expects dividend of JPY 30.00 per share against JPY 20.00 per share paid for the same period a year ago.

For the year ending January 31, 2019, the company expects dividend of JPY 30.00 per share against JPY 30.00 per share paid for the same period a year ago.

For the six months ending July 31, 2018, the company expects net sales of JPY 47,000 million, operating income of JPY 500 million, ordinary income of JPY 600 million and profit attributable to owners of parent of JPY 400 million or JPY 16.32 per share.

For the year ending January 31, 2019, the company expects net sales of JPY 93,000 million, operating income of JPY 1,000 million, ordinary income of JPY 1,200 million and profit attributable to owners of parent of JPY 800 million or JPY 32.64 per share.