Rion Co., Ltd. provided dividend guidance for the second quarter and year end of fiscal year ending March 31, 2020. For the second quarter, the company expects to pay dividend of ¥20 per share compared to ¥18 per share paid a year ago.

For the year end, the company expects to pay year end dividend of ¥20 per share compared to ¥22 per share paid a year ago.

The company reported consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of ¥4,888 million against ¥4,674 million a year ago. Operating profit was ¥627 million against ¥495 million a year ago. Profit attributable to owners of parent was ¥450 million or ¥36.73 per basic share against ¥379 million or ¥30.92 per basic share a year ago.

The company also provided earnings guidance for the six months and full year of fiscal year ending March 31, 2020. For the six months, the company expects net sales of ¥10,000 million, operating profit of ¥1,050 million, profit attributable to owners of parent of ¥800 million and profit per share of ¥65.16.

For the year ending March 31, 2020, the company expects net sales of ¥21,600 million, operating profit of ¥2,800 million, profit attributable to owners of parent of ¥2,100 million and profit per share of ¥171.05.