Heiwa Corp. announced consolidated earnings results for the year ended March 31, 2016. For the year, the company reported net sales of JPY 214,954 million against JPY 198,605 million a year ago. Operating income was JPY 38,967 million against JPY 42,870 million a year ago. Income before income taxes and non-controlling interests was JPY 37,166 million against JPY 43,638 million a year ago. Net income was JPY 28,727 million or JPY 298.18 diluted earnings per share against JPY 27,608 million or JPY 305.26 diluted earnings per share a year ago. Profit attributable to owners of parent was JPY 28,143 million against JPY 26,235 million a year ago. Net cash provided by operating activities was JPY 26,459 million against JPY 40,511 million a year ago. Purchases of tangible fixed assets was JPY 11,153 million against JPY 10,351 million a year ago. Purchases of intangible assets was JPY 160 million against JPY 230 million a year ago. Return on equity was 15.6% compared to 17.2% for the same period a year ago. Ordinary income to total net assets was 8.3% compared to 9.5% for the same period a year ago.

The company provided consolidated earnings forecast for the six months and full year ended 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.