Kenedix, Inc. reported consolidated earnings results for the year ended December 31, 2011. For the year, the company reported revenues of JPY 19,486 million compared to JPY 38,589 million a year ago. Operating income was JPY 6,931 million compared to JPY 7,331 million a year ago. Ordinary income was JPY 2,464 million compared to JPY 2,202 million a year ago. Net income was JPY 1,313 million compared to net loss of JPY 2,542 million a year ago. Basic net income per share was JPY 573.18 compared to basic net loss per share of JPY 1,563.02 a year ago. Return on equity was 2.2% compared to 4.8% negative a year ago. Cash flows from operating activities were JPY 6,181 million compared to JPY 23,737 million a year ago. The company provided earnings guidance for the year ending December 31, 2012. For the year, the company expects revenue of JPY 17,300 million, operating income of JPY 6,700 million, ordinary income of JPY 3,400 million, net income of JPY 1,700 million, net income per share of JPY 741.97.