Tsuruha Holdings Inc. announced consolidated and non-consolidated earnings results for the full year ended May 15, 2016. For the year, on consolidated basis, the company reported net sales of ¥527,508 million against ¥440,427 million a year ago. Operating income was ¥31,342 million against ¥26,905 million a year ago. Ordinary income was ¥32,623 million against ¥27,985 million a year ago. Profit attributable to owners of parent was ¥19,323 million or ¥401.07 diluted per share against ¥17,210 million or ¥358.29 diluted per share a year ago. Rate of return on equity was 13.7% against 13.9% a year ago. Cash flows from operating activities were ¥49,118 million against ¥23,790 million a year ago.

For the year, on non-consolidated basis, the company reported net sales of ¥18,681 million against ¥10,248 million a year ago. Operating income was ¥14,130 million against ¥8,042 million a year ago. Ordinary income was ¥14,141 million against ¥8,038 million a year ago. Profit was ¥13,719 million or ¥284.77 diluted per share against ¥7,868 million or ¥163.80 diluted per share a year ago.

The company provided earnings guidance for the half year ending November 2016 and full year ending May 2017. For the half year, the company expects net sales of ¥289,900 million, operating income of ¥18,900 million, ordinary income of ¥19,320 million and profit attributable to owners of parent of ¥12,230 million or ¥255.84 per share.

For the year, the company expects net sales of ¥583,000 million, operating income of ¥37,100 million, ordinary income of ¥37,900 million and profit attributable to owners of parent of ¥23,460 million or ¥490.75 per share.

The company announced dividend of ¥64.00 per share for the year ended May 15, 2016 against ¥52.75 per share a year ago. Annual dividend of ¥108.00 per share against ¥88.00 per share a year ago. Dividend payable date (as planned) is July 20, 2016.

The company provided dividend guidance for the half year and full year ended May 2017. For the first half, the company expects dividend of ¥54.00 per share against ¥44.00 per share a year ago.

For the year, the company expects dividend of ¥54.00 per share against ¥64.00 per share a year ago. Annual dividend expects to be ¥108.00 per share against ¥108.00 per share a year ago.