HIRANO TECSEED Co., Ltd. announced unaudited consolidated earnings results for the first quarter ended June 30, 2016. For the period, the consolidated company reported net sales of ¥2,347 million, operating loss of ¥69 million, ordinary loss of ¥45 million, net loss attributable to owners of the parent of the company of ¥70 million or net loss per basic share of ¥4.66 compared to net sales of ¥2,222 million, operating loss of ¥50 million, ordinary loss of ¥13 million, net loss attributable to owners of the parent of the company of ¥21 million or net loss per basic share of ¥1.46 for the same period last year.

The company expects to pay second quarter dividend of ¥10.00 per share and year end dividend of ¥10.00 per share for the fiscal year ending March 31, 2017.

For the first half of fiscal year ending March 31, 2017, the consolidated company expects net sales of ¥7,500 million, operating income of ¥280 million, ordinary income of ¥320 million, net income attributable to owners of the parent of the company of ¥170 million or net income per share of ¥11.30.

For the fiscal year ending March 31, 2017, the consolidated company expects net sales of ¥17,500 million, operating income of ¥1,450 million, ordinary income of ¥1,500 million, net income attributable to owners of the parent of the company of ¥1,150 million or net income per share of ¥76.44.