Okabe Co., Ltd. announced consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net income of JPY 844 million or JPY 16.11 net income per share on net sales of JPY 16,337 million compared to net income of JPY 630 million or JPY 12.02 net income per share on net sales of JPY 13,093 million for the corresponding period of last year. Operating and ordinary income were JPY 1,464 million and JPY 1,498 million against JPY 1,050 million and JPY 1,100 million of prior year period. Income before income taxes and minority interests was JPY 1,482,715,000 against JPY 1,085,677,000 of prior year period. Net cash provided by operating activities was JPY 1,814,606,000 against JPY 947,167,000 of prior year period. Purchase of property, plant and equipment was JPY 489,158,000 against JPY 629,249,000 for the same period last year. Purchase of intangible assets was JPY 102,417,000 against JPY 2,394,000 of prior year period.

The company provided consolidated earnings guidance for the first half and full year ending December 31, 2014. For the half year, the company expects net income of JPY 1,690 million or JPY 32.22 net income per share on net sales of JPY 32,050 million. The company expects operating and ordinary income of JPY 2,900 million and JPY 2,930 million.

For the full year, the company expects net income of JPY 4,400 million or JPY 83.88 net income per share on net sales of JPY 69,000 million. The company expects operating and ordinary income of JPY 7,150 million and JPY 7,200 million.