Heiwa Corporation announced consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 30,547 million against JPY 49,355 million a year ago. Operating income was JPY 4,214 million against JPY 13,287 million a year ago. Ordinary income was JPY 4,279 million against JPY 12,783 million a year ago. Profit attributable to owners of parent was JPY 2,403 million against JPY 7,649 million a year ago. Diluted earnings per share were JPY 24.37 against JPY 77.60 a year ago. Profit before income taxes was JPY 4,262 million against JPY 12,257 million a year ago.

The company provided consolidated earnings guidance for the six months and full year of fiscal year ending March 31, 2018. For the six months, the company expects net sales of JPY 83,200 million, operating income of JPY 15,500 million, ordinary income of JPY 14,900 million, profit attributable to owners of parent of JPY 9,600 million and earnings per share of JPY 97.46.

For the year, the company expects net sales of JPY 175,200 million, operating income of JPY 32,100 million, ordinary income of JPY 30,700 million, profit attributable to owners of parent of JPY 30,000 million and earnings per share of JPY 211.16.