Starts Proceed Investment Corp. announced earnings results for the six months ended April 30, 2016. For the period, the company reported operating revenue of JPY 2,239 million compared to JPY 2,220 million previous six months period. Operating income was JPY 918 million compared to JPY 914 million previous six months period. Ordinary income was JPY 715 million compared to JPY 703 million previous six months period. Net income was JPY 713 million or JPY 4,104 per unit compared to JPY 701 million or JPY 4,034 per unit previous six months period. Return on equity was 2.3% compared to 2.3% previous six months period. Return on assets was 1.2% compared to 1.1% previous six months period. Net cash provided by operating activities was JPY 1,178 million compared to JPY 1,282 million previous six months period. Income before income taxes was JPY 715,232,000 compared to JPY 703,145,000 previous six months period. Purchase of property, plant and equipment in trust was JPY 83,903,000 compared to JPY 96,415,000 previous six months period.

The company provided earnings guidance for the second half ending April 30, 2017 and first half ending October 31, 2016. For the six months ending October 31, 2016, the company expects to report net sales of JPY 2,246 million, operating income of JPY 909 million, ordinary income of JPY 716 million and net income of JPY 714 million.

For the second half ending April 30, 2017, the company expects to report net sales of JPY 2,264 million, operating income of JPY 904 million, ordinary income of JPY 718 million and net income of JPY 716 million.