Daikoku Denki reported consolidated earnings results for the full year ended March 31, 2016. For the period, the company reported net sales of JPY 47,004 million, operating loss of JPY 894 million, ordinary loss of JPY 749 million, net loss of JPY 1,676 million or JPY 113.41 per basic share, compared to net sales of JPY 54,043 million, operating income of JPY 1,425 million, ordinary income of JPY 1,566 million, net income of JPY 874 million or JPY 59.19 per basic share, a year ago. The company reported cash flows used in operating activities of JPY 4,710 million compared to cash flows from operating activities of JPY 817 million a year ago.

The company announced dividend per share of JPY 40 for the year end ended March 31, 2016, compared to JPY 60 a year ago.

The company provided dividend guidance for the second quarter of fiscal 2017 and year end ending March 31, 2017. For the second quarter, the company is expecting to pay a dividend per share of JPY 10.00 against JPY 10.00 a year ago.

For the full year of fiscal 2017, the company expects to pay a dividend per share of JPY 40.00 against JPY 40.00 a year ago.

The company provided earnings guidance for the first half ending September 30, 2016 and full year ending March 31, 2017. For the first half of fiscal 2017, the company is forecasting its net sales of JPY 21,500 million, operating income of JPY 200 million, ordinary income of JPY 200 million, net income attributable to owners of the parent of JPY 120 million or JPY 8.12 per share.

For the full year of fiscal 2017, the company is forecasting its net sales of JPY 50,000 million, operating income of JPY 1,000 million, ordinary income of JPY 1,000 million, net income attributable to owners of the parent of JPY 600 million or JPY 40.59 per share.