Toto Ltd. reported consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported net sales were ¥265,908 million against ¥272,254 million a year ago. Operating income was ¥19,522 million against ¥20,006 million a year ago. Ordinary income was ¥18,413 million against ¥21,624 million a year ago. Profit attributable to owners of the parent was ¥12,343 million or ¥72.79 per share against ¥17,727 million or ¥105.03 per share a year ago. Profit before income taxes was ¥18,376 million against ¥25,023 million a year ago. Net cash provided by operating activities was ¥20,614 million against ¥22,751 million a year ago. Purchase of property, plant and equipment was ¥14,390 million against ¥13,295 million a year ago. Purchase of intangible assets was ¥1,582 million against ¥2,181 million a year ago.

The company declared a dividend for the second quarter of 2017. For the quarter, the company declared a dividend of ¥34.00 per share against ¥15.00 per share a year ago. Dividend will be payable on December 1, 2016.

The company provided dividend guidance for the full year ending March 31, 2017. For the year, the company expects a dividend of ¥34 per share against ¥34 per share a year ago.

The company provided consolidated earnings guidance for the full year ending March 31, 2017. For the year, the company expects net sales were ¥570,000 million, operating income was ¥48,000 million, ordinary income was ¥47,500 million and profit attributable to owners of the parent was ¥33,500 million or ¥198.06 per share.