Joyful Honda Co., Ltd. announced consolidated earnings results for the full year ended June 20, 2016. For the year, the company reported net sales of ¥158,737 million against ¥162,351 million a year ago. Total operating revenue was ¥4,627 million against ¥4,510 million a year ago. Operating income was ¥7,706 million against ¥6,788 million a year ago. Ordinary income was ¥8,946 million against ¥8,070 million a year ago. Profit before taxes and other adjustments was ¥8,505 million against ¥7,743 million a year ago. Profit attributable to parent company shareholders was ¥5,453 million against ¥4,560 million a year ago. Net cash provided by operating activities was ¥9,413 million against ¥8,377 million a year ago. Purchase of property, plant and equipment was ¥14,130 million against ¥1,657 million a year ago. Purchase of intangible assets was ¥198 million against ¥122 million a year ago.

The company provided earnings guidance for the six months and full year ending June 20, 2017. For the six months, the company expects net sales of ¥81,820 million, operating income of ¥4,450 million, ordinary income of ¥5,140 million and profit attributable to parent company shareholders of ¥3,260 million or ¥63.16 per share.

For the year, the company expects net sales of ¥163,200 million, operating income of ¥8,370 million, ordinary income of ¥9,550 million and profit attributable to parent company shareholders of ¥6,200 million or ¥120.13 per share.