Milbon Co. Ltd. reported consolidated earnings results for the year ended December 2016. For the year, on consolidated basis, net sales were ¥29,134 million against ¥27,377 million a year ago. Operating income was ¥5,113 million against ¥4,727 million a year ago. Ordinary income was ¥4,733 million against ¥4,427 million a year ago. Profit attributable to owners of parent was ¥3,069 million against ¥2,950 million a year ago. Basic earnings per share were ¥187.47 against ¥180.20 a year ago. Cash flows from operating activities were ¥3,355 million against ¥3,895 million a year ago. Rate of return on equity was 11.4% against 11.7% a year ago.

For the year, non-consolidated basis, net sales were ¥27,558 million against ¥25,934 million a year ago. Operating income was ¥4,841 million against ¥4,786 million a year ago. Ordinary income was ¥4,489 million against ¥4,491 million a year ago. Profit was ¥2,898 million against ¥3,020 million a year ago. Basic earnings per share were ¥177.05 against ¥184.49 a year ago.

For the year ending December 2017, on consolidated basis, the company expects net sales of ¥31,000 million, operating income of ¥5,300 million, ordinary income of ¥4,890 million and profit attributable to owners of parent of ¥3,450 million or ¥210.73 per basic share.

The company declared a dividend of ¥40.00 per share for the year ended December 2016. The dividend is payable on March 17, 2017.

The company expects to pay a dividend of ¥40.00 per share for the second quarter of 2017.

The company expects to pay a dividend of ¥42.00 per share for the fiscal year 2017.