HIRANO TECSEED Co., Ltd. announced consolidated and non-consolidated earnings results for the year ended March 31, 2014. For the period, on consolidated basis, the company reported net sales of JPY 28,504 million compared to JPY 15,732 million a year ago. Operating income was JPY 3,568 million compared to JPY 1,169 million a year ago. Ordinary income was JPY 3,647 million compared to JPY 1,242 million a year ago. Net income was JPY 2,117 million compared to JPY 771 million a year ago. Net income per share was JPY 140.73 compared to JPY 51.30 a year ago. Net cash provided by operating activities was JPY 3,716 million compared to JPY 2,240 million a year ago. Return on equity was 11.2% against 4.4% a year ago.

For the period, on non-consolidated basis, the company reported net sales of JPY 17,882 million compared to JPY 13,696 million a year ago. Operating income was JPY 1,158 million compared to JPY 891 million a year ago. Ordinary income was JPY 1,273 million compared to JPY 1,011 million a year ago. Net income was JPY 863 million compared to JPY 664 million a year ago. Net income per share was JPY 57.37 compared to JPY 44.20 a year ago.

The company announced year end dividend of JPY 17.00 per share for 2014. The company paid year end dividend of JPY 6.00 per share for 2013. The dividend will be payable on June 30, 2014.

The company expects dividend of JPY 5.00 per share at the end of second quarter of 2015.

The company expects year end dividend of JPY 5.00 per share for the year ending March 31, 2015.

For the first half year of 2015, the company expects net sales of JPY 7,500 million, operating income of JPY 115 million, ordinary income of JPY 150 million, net income of JPY 90 million or JPY 5.98 per share.

For the year ending March 31, 2015, the company expects consolidated net sales of JPY 15,500 million, operating income of JPY 450 million, ordinary income of JPY 500 million, net income of JPY 340 million or JPY 22.60 per share.