Kirindo Holdings Co., Ltd. reported consolidated earnings results for the year ended February 29, 2016. For the year, the company reported net sales of JPY 112,902 million, operating income of JPY 1,699 million, ordinary income of JPY 2,320 million and net income of JPY 826 million or JPY 72.94 per basic share as compared to net sales of JPY 108,033 million, operating income of JPY 952 million, ordinary income of JPY 1,437 million and net income of JPY 619 million or JPY 54.68 per basic share for the same period a year ago. Rate of return on equity was 6.7% compared to 5.2% a year ago. Net cash provided by operating activities was JPY 2,828 million compared to JPY 3,150 million a year ago.

The company provided consolidated earnings guidance for the first half and full year ending February 28, 2017. For the first half of 2017, the company expects net sales of JPY 59,500 million, operating income of JPY 1,090 million, ordinary income of JPY 1,350 million and net income attributable to owners of the parent of JPY 460 million or JPY 40.60 per share.

For the full year ending February 28, 2017, the company expects net sales of JPY 120,400 million, operating income of JPY 2,470 million, ordinary income of JPY 3,000 million and net income attributable to owners of the parent of JPY 1,070 million or JPY 94.43 per share.