Chiyoda Ute Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported net sales of JPY 7,137 million compared to JPY 7,493 million a year ago. Operating Loss was JPY 275 million compared to JPY 170 million a year ago. Ordinary loss was JPY 424 million compared to JPY 157 million a year ago. Loss attributable to owners of the parent was JPY 194 million compared to JPY 158 million a year ago. Net loss per share was JPY 11.30 compared to JPY 9.19 a year ago.

For the first half, the company expects net sales to be JPY 15,500 million. Operating profit to be JPY 10 million. Ordinary profit to be JPY 20 million. Profit attributable to owners of parent was JPY 10 million. Net income per share to be JPY 0.58.

For the full year, the company expects net sales to be JPY 32,500 million. Operating profit to be JPY 500 million. Ordinary profit to be JPY 600 million. Profit attributable to owners of parent was JPY 400 million. Net income per share to be JPY 23.19.