Kokuyo Co. Ltd. announced consolidated and non-consolidated earnings results for the full year ended December 31, 2015. For the year, on consolidated basis, the company reported net sales of ¥304,276 million against ¥293,054 million a year ago. Operating income was ¥11,102 million against ¥7,598 million a year ago. Ordinary income was ¥11,880 million against ¥9,643 million a year ago. Income before income taxes and minority interests was ¥10,812 million against ¥7,628 million a year ago. Net income was ¥6,312 million or ¥53.37 per share against ¥5,065 million or ¥42.83 per share a year ago. Net cash provided by operating activities was ¥12,054 million against ¥15,882 million a year ago. Purchase of property, plant and equipment was ¥3,008 million against ¥3,247 million a year ago. Purchase of intangible assets was ¥2,557 million against ¥2,532 million a year ago. Return on equity as on December 31, 2015 was 3.6% against 3.1% as at December 31, 2014.

For the year, on non-consolidated basis, the company reported net sales of ¥49,696 million against ¥14,140 million a year ago. Operating income was ¥2,104 million against ¥1,250 million a year ago. Ordinary income was ¥3,056 million against ¥1,571 million a year ago. Net income was ¥4,589 million or ¥38.80 per share against ¥4,498 million or ¥38.03 per share a year ago.

The company provided consolidated earnings guidance for the half year and fiscal year ending December 31, 2016. For the half year, the company expects net sales of ¥164,400 million, operating income of ¥9,400 million, ordinary income of ¥9,900 million and net income of ¥6,400 million or ¥54.11 per share.

For the year, the company expects net sales of ¥310,000 million, operating income of ¥12,000 million, ordinary income of ¥12,800 million and net income of ¥8,300 million or ¥70.18 per share.