Iino Kaiun Kaisha Ltd. announced unaudited consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 23,008 million against JPY 20,831 million a year ago. Operating income was JPY 320 million against JPY 1,832 million a year ago. Ordinary loss was JPY 17 million against income of JPY 2,015 million a year ago. Loss attributable to owners of the parent was JPY 302 million or JPY 2.85 per share against profit of JPY 3,583 million or JPY 33.86 per share a year ago. Loss was JPY 288 million compared to profit of JPY 3,632 million for the same period a year ago.

For the year ending March 31, 2020, the company expects consolidated net sales of JPY 89,000 million compared to previous guidance of JPY 89,000 million, operating income of JPY 4,600 million compared to previous guidance of JPY 4,800,000 million, ordinary income of JPY 3,800 million compared to previous guidance of JPY 4,100,000 million and profit attributable to owners of parent of JPY 3,300 million compared to previous guidance of JPY 3,800 million. The company expects net income per share of JPY 32.13.

For the six months ending September 30, 2019, the company expects consolidated net sales of JPY 45,000 million compared to previous guidance of JPY 44,000 million, operating income of JPY 1,700 million compared to previous guidance of JPY 1,500,000 million, ordinary income of JPY 1,200 million compared to previous guidance of JPY 1,100,000 million and profit attributable to owners of parent of JPY 800 million compared to previous guidance of JPY 900 million. The company expects net income per share of JPY 7.56.