HotLand Co.,Ltd. reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the group reported net sales of ¥8,105 million, operating income of ¥355 million, ordinary income of ¥321 million and net income attributable to owners of parent of ¥95 million or ¥5.11 per diluted share compared to net sales of ¥8,422 million, operating income of ¥482 million, ordinary income of ¥490 million and net income attributable to owners of parent of ¥212 million or ¥11.40 per diluted share reported in the same period last year.

For the fiscal year ending December 31, 2018, the company expects to pay year end dividend of ¥5.00 per share compared to ¥5.00 per share declared last year.

For the fiscal year ending December 31, 2018, the company expected to report net sales of ¥32,000 million, operating income of ¥1,250 million, ordinary income of ¥1,150 million and net income attributable to owners of parent of ¥500 million or ¥27.13 per diluted share.