Honma Golf Limited reported consolidated earnings results for the year ended March 31, 2016. For the year, the company reported revenue of JPY 22,368,761,000 against JPY 18,525,092,000 a year ago. Profit before tax was JPY 3,959,136,000 against JPY 2,003,602,000 a year ago. Net profit was JPY 3,564,540,000 against JPY 2,302,069,000 a year ago. Adjusted net profit was JPY 3,390,234,000 against JPY 2,278,272,000 a year ago. Capital expenditures were JPY 529.2 million against JPY 402.8 million a year ago. Return on assets was 17.8% against 13.1% a year ago. Return on equity was 64.5% against 65.5% a year ago. Profit for the year attributable to owners of the parent was JPY 3,569,201,000 against JPY 2,303,775,000 a year ago. Net cash flow generated from operating activities was JPY 1,430,499,000 against net cash used in operating activities of JPY 136,842,000 a year ago. Purchases of items of property, plant and equipment and intangible assets were JPY 529,195,000 against JPY 402,796,000 a year ago.

For the year ending March 31, 2017, the company estimates tangible assets investment will be approximately JPY 413.0 million, which will be primarily used for equipment purchases at its Sakata Campus to maintain its production capacity.