TYO:6383

Daifuku's Net Income Climbs 16% in Q1

Daifuku's (TYO:6383) net income attributable to shareholders of the parent company jumped 16% to 19.5 billion yen for the first quarter from 16.9 billion yen a year earlier.The automated material handling company's net income per share increased to 50.54 yen from 43.73 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales jumped 7.8% to 172.7 billion yen for the three months ended March 31 from 160.3 billion yen in the prior-year period.For the fiscal year ending Dec. 31, the company expects attributable profit of 80 billion yen, net income per share of 217.57 yen, and net sales of 700 billion yen.Daifuku plans to pay interim and year-end dividends of 36 yen and 46 yen per share, respectively, for the year.