Kyoden Company, Limited announced consolidated financial results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 12,818 million against JPY 13,975 million a year ago. Operating profit was JPY 539 million against JPY 1,128 million a year ago. Profit attributable to owners of parent was JPY 198 million against JPY 822 million a year ago. Basic earnings per share were JPY 4.00 against JPY 16.56 a year ago.

The company also provided earnings guidance for the year ending March 2020. The company expected net sales of JPY 56,500 million, operating profit of JPY 4,000 million, Profit attributable to owners of parent of JPY 2,900 million and Basic earnings per share of JPY 58.37.