Shinkawa Ltd. reported consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported loss attributable to owners of parent was JPY 939 million or JPY 51.67 per share, compared to JPY 428 million, or JPY 23.55 per share, for the same quarter ended June 30, 2017. Net sales were JPY 1,865 million compared to JPY 2,915 million a year ago. Operating loss was JPY 849 million compared to JPY 412 million a year ago. Ordinary loss was JPY 890 million compared to JPY 363 million a year ago. Loss before income taxes was JPY 892 million compared to JPY 363 million a year ago.

For the six months ending September 30, 2018, the company expects loss attributable to owners of parent to be JPY 1,530 million or JPY 84.19 per share; net sales of JPY 6,300 million; operating loss of JPY 1,350 million; and ordinary loss of JPY 1,440 million.

For the fiscal year ending March 31, 2019, the company expects loss attributable to owners of parent to be JPY 1,500 million or JPY 82.54 per share; net sales of JPY 18,900 million; operating loss of JPY 1,270 million; and ordinary loss of JPY 1,330 million.