Excel Co.,Ltd. reported consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported net sales of JPY 14,335 million against JPY 24,603 million a year ago. Operating profit was JPY 68 million against JPY 514 million a year ago. Ordinary profit was JPY 79 million against JPY 524 million a year ago. Profit attributable to owners of parent was JPY 70 million or JPY 8.15 per share against JPY 474 million or JPY 54.74 per share a year ago. Profit before income taxes was JPY 79 million against JPY 524 million a year ago.

The company provided consolidated earnings guidance for the six months ending September 30, 2018 and year ending March 31, 2019. For the six months, the company expects net sales of JPY 29,000 million, operating profit of JPY 50 million, ordinary profit of JPY 50 million and profit attributable to owners of the parent of JPY 65 million or JPY 7.50 per share.

For the year ending March 31, 2019, the company expects net sales of JPY 73,000 million, operating profit of JPY 450 million, ordinary profit of JPY 300 million and profit attributable to owners of the parent of JPY 450 million or JPY 51.93 per share.