Xebio Co., Ltd. announced consolidated earnings results for the first quarter of fiscal year 2020. For the quarter, the company reported net sales of JPY 60,796 million against JPY 61,338 million a year ago. Operating profit was JPY 3,775 million against JPY 4,511 million a year ago. Net profit was JPY 1,498 million against JPY 2,897 million a year ago.

For fiscal year 2020, on consolidated basis, the company expects net sales of JPY 64,656 million, operating profit of JPY 4,446 million and net profit of JPY 2,448 million.