Shofu Inc. reported consolidated earnings results for the six months ended of September 30, 2016. For the period, the company reported net sales of JPY 11,052 million compared to JPY 11,600 million a year ago. Operating income was JPY 800 million compared to JPY 842 million a year ago. Ordinary income was JPY 509 million compared to JPY 825 million a year ago. Profit attributable to owners of parent was JPY 301 million compared to JPY 495 million a year ago. Diluted net income per share was JPY 18.78 compared to JPY 30.86 a year ago. Income before income taxes and minority interests was JPY 509 million compared to JPY 835 million a year ago. Net assets per share were JPY 1,319.39.

The company announced dividend for the second quarter ended September 30, 2016. For the second, the company announced dividend of JPY 8.00 per share compared to JPY 8.00 per share a year ago. The dividend will be payable on November 30, 2016.

For the full year ending of March 31, 2017, the company provided dividend guidance of JPY 12.00 per share compared to JPY 10.00 per share a year ago.

The company revised consolidated earnings guidance for the full year ending March 31, 2017. For the full year ending of March 31, 2017, the consolidated company expected net sales of JPY 22,304 million, operating income of JPY 1,514 million, ordinary income of JPY 1,164 million, profit attributable to owners of parent of JPY 788 million and net income per share of JPY 49.54 compared to previous guidance of net sales of JPY 24,649 million, operating income of JPY 1,669 million, ordinary income of JPY 1,520 million and net income of JPY 1,084 million.