Sanden reported earnings results for the six months of fiscal 2018. For the six months, the company reported net income of JPY 2.3 billion compared with a net loss of JPY 7.2 billion in the corresponding period of last fiscal year. Net sales during the period grew 2.5% year on year to JPY 141.5 billion. Higher sales helped the company record an operating profit of JPY 1.8 billion, against an operating loss of JPY 964 million in the same period last year.

The company revised earnings guidance for the full year ending March 31, 2018. The company expects net income to reach JPY 4.5 billion, up from a previous forecast of JPY 2 billion. Operating income is forecast at JPY 7 billion, up from a previous estimate of JPY 5 billion. However, the company has not changed its sales forecast and still expects full-year net sales of JPY 285 billion, up 1.0% year-on-year.