Hotland Co., Ltd. announced consolidated earnings results for the first quarter ended March 31, 2017. For the period, company reported net sales of JPY 8,422 million against JPY 8,159 million a year ago. Operating income was JPY 482 million against JPY 452 million a year ago. Ordinary income was JPY 490 million against JPY 392 million a year ago. Net income attributable to owners of parent was JPY 212 million against JPY 172 million a year ago. Diluted net income per share were JPY 11.40 against JPY 9.26 a year ago.

The company expects net sales of JPY 34,000 million, operating income of JPY 1,250 million, ordinary income of JPY 1,150 million, net income attributable to owners of parent of JPY 350 million and net income per share of JPY 19.07 for year 2017.