Ryosan Company, Limited reported consolidated earnings results for the full year ended March 31, 2014. The group reported net sales of JPY 238,399 million, operating income of JPY 5,144 million, net income of JPY 3,222 million or JPY 101.86 per share against net sales of JPY 206,534 million, operating income of JPY 3,673 million, net income of JPY 2,814 million or JPY 84.40 per share a year ago. ROE was 2.7% against 2.4% a year ago. Cash flows from activities was JPY 1,504 million against JPY 17,689 million a year ago. Income before income taxes and minority interests was JPY 5,093 million against JPY 4,146 million a year ago. Purchases of property, plant and equipment was JPY 226 million against JPY 214 million a year ago.

On unconsolidated basis, the company reported net sales of JPY 154,429 million, operating income of JPY 1,429 million, net income of JPY 1,514 million or JPY 47.87 per share against net sales of JPY 145,019 million, operating income of JPY 1,264 million, net income of JPY 1,940 million or JPY 58.19 per share a year ago.

For the first half of fiscal 2015, the company expects net sales of JPY 112,000 million, operating income of JPY 2,300 million, net income of JPY 1,500 million or JPY 47.67 per share.

For the fiscal ending March 31, 2015, the company expects net sales of JPY 227,000 million, operating income of JPY 5,100 million, net income of JPY 3,400 million or JPY 108.06 per share.