Hotland Co., Ltd. reported unaudited consolidated and non consolidated earnings results for nine months ended December 31, 2016. For the period, on consolidated basis, the company's net sales were ¥31,533 million against ¥30,941 million a year ago. Operating income was ¥1,077 million against ¥1,523 million a year ago. Ordinary income was ¥964 million against ¥1,500 million a year ago. Net loss attributable to owners of parent was ¥661 million against profit of ¥770 million a year ago. Net loss per share was ¥36.02 against income of ¥42.31 a year ago. Negative return on equity was 15.85% against ROE of 18.5% a year ago. Cash flows from operating activities were ¥1,408 million against ¥2,132 million a year ago.

For the period, on non consolidated basis, the company's net sales were ¥26,536 million against ¥27,734 million a year ago. Operating income was ¥1,492 million against ¥1,565 million a year ago. Ordinary income was ¥1,416 million against ¥1,547 million a year ago. Net loss was ¥751 million against profit of ¥855 million a year ago. Net loss per share was ¥40.97 against income of ¥46.97 a year ago.

For the fiscal year 2017, the company expects year end dividend of ¥5.00 per share, payable from March 31, 2017.

For the year ending December 31, 2017, the company expects net sales of ¥34,000 million, operating income of ¥1,250 million, ordinary income of ¥1,150 million and net income attributable to owners of parent of ¥350 million or ¥19.07 per share.