Tabuchi Electric Co. Ltd. announced consolidated earnings results for the first quarter ended June 30, 2016. For the first quarter, the company reported net sales of JPY 6,329 million against JPY 10,586 million a year ago. Operating loss was JPY 553 million against profit of JPY 1,974 million a year ago. Ordinary loss was JPY 819 million against profit of JPY 2,044 million a year ago. Loss before income taxes was JPY 819 million against profit of JPY 2,044 million a year ago. Net loss attributable to parent company was JPY 424 million or JPY 10.50 against profit JPY 1,360 million or JPY 33.67 a year ago.

The company provided consolidated earnings guidance for the second quarter of fiscal 2017 and full year ending March 31, 2017. For the quarter, the company expects net sales to be JPY 16,000 million. Ordinary loss to be JPY 300 million.

For the year, the company expects net sales to be JPY 40,000 million. Operating income to be JPY 2,000 million. Ordinary income to be JPY 1,600 million. Net income attributable to parent company shareholders to be JPY 1,200 million or JPY 29.69.