Daikoku Denki Co. Ltd. reported earnings results for the second quarter of 2016. For the quarter, the company reported net sales of JPY 24,225 million compared to JPY 27,892 million a year ago. Operating income was JPY 815 million compared to JPY 2,170 million a year ago. Ordinary income was JPY 905 million compared to JPY 2,235 million a year ago. Net income was JPY 421 million or JPY 28.53 per share compared to JPY 1,472 million or JPY 99.61 per share a year ago.

For the second quarter, the company declared dividend of JPY 10.00 against JPY 10.00 paid a year ago.

For the fiscal year ending March 31, 2016, the company forecasts year-end dividend of JPY 40 per share against JPY 60 per share paid for the same period a year ago.

For the fiscal year ending March 31, 2016, the company expects net sales of JPY 53,000 million, operating income of JPY 1,000 million, ordinary income of JPY 1,000 million, net income of JPY 550 million or JPY 37.20 per basic share.