Iino Kaiun Kaisha Ltd. reported unaudited consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported net sales of JPY 41,840 million against JPY 49,328 million a year ago. Operating profit was JPY 3,134 million against JPY 3,993 million a year ago. Ordinary income was JPY 1,992 million against JPY 3,604 million a year ago. Profit attributable to owners of parent was JPY 1,535 million against JPY 3,184 million a year ago. Net income per share was JPY 13.84 against JPY 28.69 a year ago. Net cash provided by operating activities of JPY 6,236 million against JPY 7,432 million a year ago. Purchase of property, plant and equipment and intangible assets was JPY 3,351 million against JPY 7,697 million a year ago. Profit before income taxes was JPY 1,585 million against JPY 3,248 million a year ago.

For the year ending March 31, 2017, the company expects net sales of JPY 80,000 million, operating profit of JPY 5,700 million, profit attributable to owners of parent of JPY 3,800 million or JPY 24.33 per share and ordinary income was JPY 3,800 million.

For the second quarter ended September 30, 2016 the company declared JPY 5.00 against JPY 5.00 a year ago.

For the fourth quarter ending March 31, 2017, the company expects to pay JPY 5.00 against JPY 5.00 a year ago.