SBS Holdings, Inc. reported consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, net sales were JPY 33,603 million against JPY 39,538 million a year ago. Operating income was JPY 639 million against JPY 734 million a year ago. Ordinary income was JPY 729 million against JPY 989 million a year ago. Net income attributable to owners of parent was JPY 744 million against JPY 2,594 million a year ago. Net income per share was JPY 18.74 against JPY 66.12 a year ago.

For the fiscal year ending December 2016, on consolidated basis, the company expects net sales of JPY 146,500 million, operating income of JPY 6,600 million, ordinary income of JPY 6,600 million, net income attributable to owners of parent of JPY 4,300 million and net income per share of JPY 108.26.

For the six months ending June 2016, on consolidated basis, the company expects net sales of JPY 76,500 million, operating income of JPY 5,100 million, ordinary income of JPY 5,200 million, net income attributable to owners of parent of JPY 3,600 million and net income per share of JPY 90.64.

For the fiscal year ending December 31, 2016, the company expects to pay a year end dividend of JPY 16.00 per share against nil a year ago.

The company announced dividend of JPY 16.00 per share for the first quarter ended March 31, 2016 payable on May 16, 2016.