Kenedix, Inc. reported consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported revenue of JPY 12,911 million compared to JPY 13,279 million a year ago. Operating income was JPY 6,364 million compared to JPY 5,829 million a year ago. Ordinary income was JPY 7,233 million compared to JPY 5,274 million a year ago. Profit attributable to owners of parent was JPY 7,090 million or JPY 27.19 per diluted share compared to JPY 7,934 million or JPY 29.84 per diluted share a year ago. Profit before income taxes was JPY 10,921 million compared to JPY 9,579 million a year ago. Net cash used in operating activities was JPY 11,432 million compared to JPY 11,660 million a year ago. Payment for purchase of property and equipment was JPY 14,059 million compared to JPY 58,251 million a year ago. Payment for purchase of intangible assets was JPY 26 million compared to JPY 57 million a year ago.

For the year ending Dec. 31, 2016, the company expects consolidated revenue of JPY 22,600 million, operating income of JPY 9,300 million, ordinary income of JPY 10,100 million and profit attributable to owners of parent of JPY 10,000 or JPY 38.37 per share.