Hotland Co., Ltd. reported consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported net sales of JPY 15,598 million against JPY 14,929 million a year ago. Operating income was JPY 429 million against JPY 825 million a year ago. Ordinary income was JPY 339 million against JPY 844 million a year ago. Net income attributable to owners of the parent was JPY 31 million or JPY 1.71 diluted per share against JPY 400 million or JPY 21.55 diluted per share a year ago.

For the year ending December 31, 2016, on consolidated basis, the company expects net sales of JPY 32,000 million, operating income of JPY 1,050 million, ordinary income of JPY 950 million and net income attributable to owners of parent of JPY 300 million or JPY 16.36 per share a year ago.

For the year ending December 31, 2016, the company expects year-end dividend of JPY 5 per share compared to paid dividend of JPY 7 per share a year ago.