Furuno Electric Co., Ltd. announced consolidated earnings results for the first quarter ended May 31, 2019. For the quarter, the company's Net Sales were JPY 20,652 million against JPY 20,313 million a year ago. Operating income was JPY 779 million against JPY 2,183 million a year ago. Net income was JPY 897 million against JPY 1,869 million a year ago. Net earnings per share was JPY 28.49 against JPY 59.33 a year ago.

The company provided consolidated earnings guidance for the half year ending August 31, 2019 and for the full year ending February 29, 2020. For the half year, the company expects net sales of JPY 42,000 million, operating income of JPY 2,500 million, net income of JPY 2,000 million and net earnings per share of JPY 63.47.

For the year, the company expects net sales of JPY 82,000 million, operating income of JPY 4,000 million, net income of JPY 3,000 million and net earnings per share of JPY 95.20.

For the half year, the company expects interim dividend of JPY 10.00 per share against JPY 10.00 per share a year ago.

For the year, the company expects interim dividend of JPY 10.00 per share against JPY 15.00 per share a year ago.