Kyowa Hakko Kirin Co., Ltd. announced consolidated earnings results for the fourth quarter and full year and non-consolidated earnings results for the full year ended December 31, 2016. For the year, on consolidated basis, the company reported net sales of JPY 343,019 million against JPY 364,316 million a year ago. Operating income was JPY 31,638 million against JPY 43,765 million a year ago. Ordinary income was JPY 26,397 million against JPY 39,203 million a year ago. Profit before income taxes was JPY 30,288 million against JPY 41,400 million a year ago. Profit attributable to owners of parent was JPY 18,669 million or JPY 34.08 per diluted share against JPY 29,774 million or JPY 54.36 per diluted share a year ago. Net cash provided by operating activities was JPY 65,752 million compared to JPY 66,526 million a year ago. Purchase of property, plant and equipment was JPY 20,675 million compared to JPY 19,058 million a year ago. Purchase of intangible assets was JPY 8,566 million compared to JPY 1,038 million a year ago. Return on equity was 3.1% compared to 4.9% a year ago. Net assets per share were JPY 1,096.78 compared to JPY 1,122.80 a year ago. Core operating income was JPY 38.2 billion against JPY 53.4 billion a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 204,394 million against JPY 217,949 million a year ago. Operating income was JPY 31,723 million against JPY 39,931 million a year ago. Ordinary income was JPY 40,819 million against JPY 48,633 million a year ago. Profit was JPY 12,179 million against JPY 40,241 million a year ago. Fully diluted earnings per share were JPY 22.24 compared to JPY 73.47 a year ago. Net assets per share were JPY 812.79 compared to JPY 816.83 a year ago.

For the fourth quarter, on consolidated basis, the company reported net sales of JPY 85.2 billion against JPY 91.3 billion a year ago. Operating income was JPY 4.8 billion against JPY 2.8 billion a year ago. Ordinary income was JPY 3.7 billion against JPY 2.5 billion a year ago. Profit before income taxes was JPY 3.4 billion against JPY 0.7 billion a year ago. Profit was JPY 2.1 billion against JPY 3.7 billion a year ago. Core operating income was JPY 6.7 billion against JPY 6.0 billion a year ago.

For the fiscal year ending December 31, 2017, on consolidated basis, the company expects net sales of JPY 344,000 million, operating income of JPY 35,000 million, ordinary income of JPY 30,000 million, profit attributable to owners of parent of JPY 19,000 million or JPY 34.72 per basic earnings share.

The company announced dividend for the year ended December 31, 2016. The company announced dividend of JPY 12.50 per share against JPY 12.50 per share paid for the same period a year ago. Scheduled start date of dividend payment is March 24, 2017.

For the fiscal year ending December 31, 2017, the company expects to pay an annual dividend of JPY 25 per share, consisting of an interim dividend of JPY 12.50 and a year-end dividend of JPY 12.50.