MTI Ltd. announced consolidated earnings results for the first quarter ended December 31, 2018. For the period, the company reported net sales of JPY 6,862 million compared to JPY 7,517 million a year ago. Operating income was JPY 829 million compared to JPY 661 million a year ago. Ordinary income was JPY 868 million compared to JPY 619 million a year ago. Profit attributable to owners of parent was JPY 543 million compared to JPY 801 million a year ago. Net income per share was JPY 9.94 compared to JPY 14.70 a year ago. Diluted net income per share was JPY 9.93 compared to JPY 14.64 a year ago.

For the first half of fiscal year ending September 30, 2019, the company expects consolidated net sales of JPY 14,000 million, operating income of JPY 1,000 million, ordinary income of JPY 950 million, Profit attributable to owners of parent of JPY 600 million and net income per share of JPY 10.97.

For the full year ending September 30, 2019, the company expects consolidated net sales of JPY 28,000 million, operating income of JPY 2,400 million, ordinary income of JPY 2,300 million, Profit attributable to owners of parent of JPY 1,400 million and net income per share of JPY 25.60.