Sanyo Housing Nagoya Co., Ltd. announced consolidated earnings results for the first quarter ended November 30, 2017. For the period, the company reported net sales of JPY 6,444 million compared with JPY 5,049 million for the same period a year ago. Operating loss was JPY 44 million compared with JPY 266 million for the same period a year ago. Ordinary profit was JPY 26 million compared loss of with JPY 219 million for the same period a year ago. Profit attributable to owners of the parent was JPY 21 million or JPY 1.48 per share compared with loss of JPY 161 million or JPY 11.08 per share for the same period a year ago. Profit before income taxes was JPY 47,006,000 compared with loss of JPY 220,924,000 for the same period a year ago.

The company provided earnings guidance for the first half and full year of 2018. For the first half, the company expects to report net sales of JPY 15,947 million, operating income of JPY 397 million, ordinary income of JPY 477 million and profit attributable to owners of JPY 313 million or JPY 21.52 per share.

For the full year, the company expects to report net sales of JPY 38,845 million, operating income of JPY 1,823 million, ordinary income of JPY 2,000 million and profit attributable to owners of JPY 1,348 million or JPY 92.50 per share.