Daiwa Seiko’s net earnings increased by 5 percent to 1.79 billion yen (€11.3m-$14.7m) in the nine months ended Dec. 31. The Japanese company’s operating profit slid by 2 percent to ¥3.49 billion (€22.0m-$28.7m). Sales grew by 13 percent to ¥44.72 billion (€283.0m-$367.9m). Daiwa’s forecast for its full year calls for net income of ¥2.10 billion (€13.3m-$17.3m) on total revenues of ¥58.0 billion (€367.1m-$477.2m).