Excel Co.,Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 12,803 million against JPY 14,335 million a year ago. Operating loss was JPY 128 million against operating profit of JPY 68 million a year ago. Profit attributable to owners of parent was JPY 208 million or JPY 24.08 per share against JPY 70 million or JPY 8.15 per share a year ago.

The company provided consolidated earnings guidance for the six months ending September 30, 2019 and year ending March 31, 2020. For the six months ending September 30, 2019, the company expects net sales of JPY 27,000 million, operating loss of JPY 50 million and profit attributable to owners of the parent of JPY 400 million or JPY 46.16 per share.

For the year ending March 31, 2020, the company expects net sales of JPY 70,000 million, operating profit of JPY 620 million and profit attributable to owners of the parent of JPY 1,230 million or JPY 141.93 per share.