Daiwa House Industry Co. Ltd. announced consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the group reported net sales of ¥798,470 million, operating income of ¥61,708 million, ordinary income of ¥60,023 million and net income attributable to owners of the parent of ¥39,761 million or ¥59.89 per basic share compared to net sales of ¥693,689 million, operating income of ¥59,175 million, ordinary income of ¥59,578 million and net income attributable to owners of the parent of ¥42,298 million reported in the same period last year. Income before income taxes was ¥59,319 million against ¥62,919 million reported last year.

The company provided consolidated earnings guidance for the fiscal year ending March 31, 2017. For the year, the company expects to report net sales of ¥3,420,000 million, operating income of ¥255,000 million, ordinary income of ¥250,000 million and net income attributable to owners of the parent of ¥165,000 million or ¥248.97 per basic share.

The company provided dividend guidance for the first half of fiscal 2017 and for the fiscal year ending March 31, 2017. For the first half, the company expects to pay dividend of ¥40.00 per share compared to ¥35.00 per share declared last year.

For the fiscal year ending March 31, 2017, the company reported yearend dividend forecast of ¥40.00 per share compared to ¥45.00 per share declared last year.