Heiwa Corp. announced consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of JPY 49,355 million against JPY 47,538 million a year ago. Operating income was JPY 13,287 million against JPY 11,453 million a year ago. Ordinary income was JPY 12,783 million against JPY 11,268 million a year ago. Profit attributable to owners of parent was JPY 7,649 million against JPY 6,003 million a year ago. Profit before income taxes was JPY 12,257 million against JPY 11,268 million a year ago. Earnings per share diluted were JPY 77.60 against JPY 69.82 a year ago. Profit was JPY 7,650 million against JPY 6,587 million a year ago.

The company provided consolidated earnings guidance for the six months and year ending March 31, 2017. For the year, the company expects net sales of JPY 205,200 million, operating income was JPY 39,000 million, ordinary income was JPY 37,700 million, profit attributable to owners of parent was JPY 30,000 million, basic earnings was JPY 304.70 per share.

For the six months, the company expects net sales of JPY 102,500 million, operating income was JPY 23,400 million, ordinary income was JPY 22,900 million, profit attributable to owners of parent was JPY 15,700 million, basic earnings was JPY 159.46 per share.

The company provided dividend guidance for the second quarter and year ending March 31, 2017. For the second quarter of 2017, the company expects to pay a dividend of JPY 40.00 per share against JPY 40.00 per share paid a year ago.

For the year ending March 31, 2017, the company expects to pay a dividend of JPY 40.00 per share against JPY 40.00 per share paid a year ago.