Fujita Kanko Inc. reported consolidated and non-consolidated earnings results for the full year ended December 31, 2016. For the year, the company's consolidated Net Sales were JPY 68,789 million, operating income of JPY 1,712 million, ordinary income of JPY 1,698 million, profit attributable to owners of parent of JPY 858 million, earnings per basic share of JPY 7.17, compared to net sales of JPY 63,981 million, operating income of JPY 39 million, ordinary loss of JPY 172 million, profit attributable to owners of parent of JPY 32 million, earnings per basic share of JPY 0.27, a year ago. Net cash provided by operating activities was JPY 6,246 million compared to net cash used in operating activities of JPY 415 million a year ago. Profit before income taxes was JPY 2,151 million compared to JPY 509 million a year ago. Purchase of property, plant and equipment and intangible assets was JPY 9,500 million compared to JPY 8,160 million a year ago.

For the year, the company's non-consolidated Net Sales were JPY 49,978 million, operating income of JPY 728 million, ordinary income of JPY 869 million, profit of JPY 342 million, net income per basic share of JPY 2.85, compared to net sales of JPY 47,204 million, operating loss of JPY 729 million, ordinary loss of JPY 827 million, loss of JPY 280 million, loss per basic share of JPY 2.34, a year ago.

The company announced dividend of JPY 4.00 per share for the full year ended December 31, 2016, same as a year ago. The dividend will be payable on March 29, 2017.

The company is forecasting its dividend of JPY 40.00 per share for the full year ending December 31, 2017, compared to JPY 4.00 per share for the year 2016. At the board of directors' meeting held February 14, 2017, it is resolved that share consolidation (consolidation of 10 shares of common stock to 1 share) effective July 1,2017 will be deliberated at the 84th ordinary general meeting of shareholders, scheduled on March 28, 2017.

The company provided consolidated earnings guidance for the first half year and full year of fiscal 2017. For the first half, the company is expecting its net sales of JPY 33,500 million, operating loss of JPY 400 million, ordinary loss of JPY 400 million, loss attributable to owners of parent of JPY 1,100 million, loss per basic share of JPY 91.79 million, compared to net sales of JPY 72,000 million, operating income of JPY 2,300 million, ordinary income of JPY 2,300 million, profit attributable to owners of parent of JPY 1,100 million, earnings per basic share of JPY 91.79 million, a year ago.