Sotsu Co.,Ltd. reported consolidated earnings results for the six months ended February 28, 2014. For the six months period, the company's net sales were JPY 11,855 million against JPY 10,716 million a year ago. Operating income was JPY 2,259 million against JPY 2,036 million a year ago. Ordinary income was JPY 2,277 million against JPY 2,048 million a year ago. Net income was JPY 1,363 million or JPY 173.94 per share against JPY 1,143 million or JPY 145.96 per share a year ago. Income before income taxes and minority interests was JPY 2,345 million against JPY 2,056 million a year ago. Net cash provided by operating activities was JPY 1,379 million against JPY 1,314 million a year ago. Purchase of property, plant and equipment was JPY 5.807 million against JPY 6.182 million a year ago. Purchase of intangible assets was JPY 9.867 million against JPY 9.395 million a year ago.

The company announced a dividend of JPY 30.00 per share for the second quarter ended February 28, 2014, the interim dividend for the six months includes ordinary dividend of JPY 15 and special dividend of JPY 15. The dividend payment will be on May 8, 2014.

The company expects to pay a fiscal year end dividend of JPY 30.00 per share for the year ending August 31, 2014. The fiscal year end dividend for the year 2014 includes ordinary dividend of JPY 15 and special dividend of JPY 15.

The company provided earnings guidance for the year ending August 31, 2014. For the year, the company expects net sales of JPY 22,000 million, operating income of JPY 3,300 million, ordinary income of JPY 3,360 million and net income of JPY 2,000 million or JPY 255.19 per share.