Daiki Axis Co., Ltd. reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net sales of JPY 9,722.562 million compared to JPY 9,407.878 million a year ago. Operating income was JPY 382.474 million compared to JPY 562.870 million a year ago. Ordinary income was JPY 423.172 million compared to JPY 575.049 million a year ago. Profit before income taxes was JPY 417.491 million compared to JPY 558.852 million a year ago. Profit attributable to owners of parent was of JPY 241.373 million or JPY 20.14 per share compared to JPY 350.751 million or JPY 28.99 per share a year ago.

For the six months ending June 30, 2018, the company expects net sales of JPY 17,016 million, operating income of JPY 699 million, ordinary income of JPY 769 million, profit attributable to owners of parent was of JPY 500 million or JPY 41.75 per share a year ago.

For the year ending December 31, 2018, the company expects net sales of JPY 35,600 million, operating income of JPY 1,350 million, ordinary income of JPY 1,500 million, profit attributable to owners of parent was of JPY 1,000 million or JPY 83.43 per share a year ago.

For the quarter ended March 31, 2018, the company reported impairment loss of JPY15.588 million.