River Eletec Corporation reported consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported net loss of ¥242 million, ordinary loss of ¥261 million and operating loss of ¥242 million on net sales of ¥953 million against net income of ¥91 million, ordinary income of ¥94 million and operating income of ¥28 million on net sales of ¥1,499 million for the same period in the last year. Net loss per share was ¥32.93 against ¥12.44 earnings per share.

For the fiscal year 2015, the company expects net income of ¥14 million or ¥1.92 earnings per share, ordinary income of ¥5 million and operating income of ¥29 million on net sales of ¥5,390 million.

For the first half of fiscal year 2015, the company expects net loss of ¥187 million or ¥25.38 earnings per share, ordinary loss of ¥201 million and operating loss of ¥185 million on net sales of ¥2,473 million.