Joyful Honda Co., Ltd. announced consolidated earnings results for the half year ended December 20, 2016. For the period, the company reported net sales of JPY 77,144 million against JPY 79,963 million a year ago. Operating income was JPY 3,534 million against JPY 4,223 million a year ago. Ordinary income was JPY 4,204 million against JPY 4,913 million a year ago. Net income attributable to parent company shareholders was JPY 2,762 million against JPY 3,211 million a year ago. Net income per share was JPY 53.91 compared to JPY 62.21 a year ago. Net income before taxes and other adjustments was JPY 4,071 million against JPY 4,828 million a year ago. Net cash provided by operating activities was JPY 5,203 million against JPY 4,490 million a year ago. Purchase of property, plant and equipment was JPY 1,070 million against JPY 1,843 million a year ago. Purchase of intangible assets was JPY 117 million against JPY 34 million a year ago.

For the year ending June 20, 2017, the company expects consolidated net sales of JPY 163,200 million, operating income of JPY 8,370 million, ordinary income of JPY 9,550 million, net income attributable to parent company shareholders of JPY 6,200 million and net income per share of JPY 120.13.

For the year ending June 20, 2017, the company expects to pay distribution of JPY 32.00 per share against JPY 31.00 per share announced a year ago.