Iino Kaiun Kaisha Ltd. announced consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported revenue of ¥22,110 million against ¥24,877 million a year ago. Operating income was ¥2,241 million against ¥2,500 million a year ago. Ordinary income was ¥1,410 million against ¥2,372 million a year ago. Profit before income taxes was ¥972 million against ¥2,476 million a year ago. Profit attributable to owners of parent was ¥892 million against ¥2,436 million a year ago. Net income per share was ¥8.04 against ¥21.95 a year ago.

The company revised consolidated earnings guidance for the six months ending September 30, 2016 and full year ending March 31, 2017. For the six months period, the company expects net sales of ¥41,000 million, operating income of ¥3,400 million, ordinary income of ¥2,200 million, profit attributable to owners of parent of ¥1,600 million against net sales of ¥42,000 million, operating income of ¥3,300 million, ordinary income of ¥2,500 million, profit attributable to owners of parent of ¥1,900 million expected earlier. The company expects net income per share of ¥14.42.

For the full year ending March 31, 2017, the company expects net sales of ¥80,000 million, operating income of ¥6,500 million, ordinary income of ¥4,600 million, profit attributable to owners of parent of ¥3,600 million against net sales of ¥82,000 million, operating income of ¥7,000 million, ordinary income of ¥5,700 million, profit attributable to owners of parent of ¥4,700 million expected earlier. The company expects net income per share of ¥32.44.

The company provided dividend guidance for the half year and full year ending March 31, 2017. For the half year, the company expects to pay a dividend of ¥5.00 per share compared to ¥5.00 per share a year ago.

For the full year, the company expects to pay fourth quarter dividend of ¥5.00 per share compared to ¥5.00 per share a year ago. The full year dividend will be ¥10.00 per share.