JSP Corporation reported consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, on consolidated basis, the company reported net sales of ¥28,377 million against ¥26,068 million a year ago. Operating income was ¥925 million against ¥1,052 million a year ago. Ordinary income was ¥1,026 million against ¥1,254 million a year ago. Net income was ¥757 million or ¥25.41 per share against ¥930 million or ¥31.21 per share a year ago. Net assets per share as of June 30, 2014 were ¥1,942.24 per share compared to ¥1,940.48 per share, as of March 31, 2014. Net cash used in operating activities totaled ¥373 million, compared with inflow of ¥1,752 million in the same period of the previous fiscal year. Inflows included ¥1,056 million from income before income taxes. Net cash used in investing activities included an outflow of ¥1,764 million for the purchase of non-current assets.

The company provided consolidated earnings guidance for the first half ending September 30, 2014 and full year ending March 31, 2015. For the first half, the company expects to report net sales of ¥57,500 million, operating income of ¥3,100 million, ordinary income of ¥3,200 million and net income of ¥2,300 million or ¥77.14 per share.

For the year, the company expects to report net sales of ¥117,000 million, operating income of ¥7,100 million, ordinary income of ¥7,200 million and net income of ¥4,900 million or ¥164.35 per share.

The company also provided dividend guidance for the second quarter ending September 30, 2014 and full year ending March 31, 2015. For the second quarter ending September 30, 2014, the company expects year end dividend of ¥15 per share. The company paid year end dividend of ¥15 per share for the second quarter ending September 30, 2013.

For the year ended March 31, 2015, the company expects year end dividend of ¥15 per share. The company paid year end dividend of ¥15 per share for the year ended March 31, 2014.