General Packer Co., Ltd. reported consolidated earnings results for the first quarter ended October 31, 2016. For the quarter, the company reported net sales of JPY 1,701 million, operating income was JPY 44 million, ordinary income was JPY 45 million, net income was JPY 5 million, net income per share was JPY 3.32 and income before income taxes and minority interests was JPY 4,575.3 million.

The company provided earnings guidance for the first half and full year ending July 31, 2017. For the first half, the company expected net sales of JPY 3,690 million, operating income of JPY 192 million, ordinary income of JPY 194 million and net income of JPY 95 million or JPY 53.45 per share.

For the full year ending July 31, 2017, the company expected net sales of JPY 6,400 million, operating income of JPY 296 million, ordinary income of JPY 300 million and net income of JPY 160 million or JPY 90.02 per share.

The company provided dividend guidance for the second quarter and fiscal year ending July 31, 2017. For the second quarter, the company expects to pay JPY 20.00 per share against JPY 3.50 per share paid a year ago.

For the full year ending July 31, 2017, the company expects to pay year-end dividend of JPY 20.00 per share against JPY 27.00 per share paid a year ago.