Densan System Co., Ltd. announced consolidated and non-consolidated earnings results for the full year ended December 31, 2016. For the quarter, on consolidated basis, the company's net sales were ¥30,369 million compared with ¥28,956 million a year ago. Operating income was ¥1,125 million compared with ¥1,071 million a year ago. Ordinary income was ¥1,157 million compared with ¥1,071 million a year ago. Net income attributable to parent shareholders was ¥732 million or ¥75.40 per diluted share compared with ¥660 million or ¥67.74 per diluted share a year ago. Cash flow from operating activities was ¥1,354 million compared to ¥806 million a year ago. Net assets per share were ¥866.60 compared to ¥812.42 a year ago.

For the quarter, on non-consolidated basis, the company's net sales were ¥28,496 million compared with ¥27,166 million a year ago. Operating income was ¥1,055 million compared with ¥950 million a year ago. Ordinary income was ¥1,083 million compared with ¥977 million a year ago. Net income was ¥691 million or ¥71.14 per diluted share compared with ¥610 million or ¥62.66 per diluted share a year ago. Net assets per share were ¥844.74 compared to ¥794.77 a year ago.

For the six months ending June 30, 2017, the company forecasts net sales of ¥15,987 million, operating income of ¥470 million, ordinary income of ¥479 million, and net income attributable to parent shareholders of ¥267 million or ¥27.34 per share.

For the fiscal year ending December 31, 2017, the company forecasts net sales of ¥33,700 million, operating income of ¥1,170 million, ordinary income of ¥1,180 million, and net income attributable to parent shareholders of ¥675 million or ¥69.05 per share.

For the fiscal year ended December 31, 2016, the company announced dividend of ¥12 per share compared to ¥12 per share a year ago. The dividend will be payable on March 27, 2017.

The company provided dividend guidance for the second quarter and fourth quarter ending December 31, 2017. For the quarter, the company expected dividend of ¥12 per share compared to ¥12 per share paid in the same period ago.

For the fourth quarter ending December 31, 2017, the company expected dividend of ¥13 per share compared to ¥12 per share paid in the same period ago.