Hotland Co., Ltd. reported consolidated earnings results for the three months ended March 31, 2016. For the period, the company reported net sales of JPY 8,159 million against JPY 7,703 million a year ago. Operating income was JPY 452 million against JPY 579 million a year ago. Ordinary income was JPY 392 million against JPY 571 million a year ago. Net income attributable to owners of the parent was JPY 172 million or JPY 9.26 diluted per share against JPY 246 million or JPY 13.25 diluted per share a year ago.

For the year ending December 31, 2016, the company expects net sales of JPY 34,400 million, operating income of JPY 1,750 million, ordinary income of JPY 1,700 million and net income attributable to owners of parent of JPY 850 million or JPY 46.36 per share a year ago.