Iino Kaiun Kaisha Ltd. announced consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported revenue of ¥20,516 million against ¥22,110 million a year ago. Operating income was ¥1,270 million against ¥2,241 million a year ago. Ordinary income was ¥1,063 million against ¥1,410 million a year ago. Profit before income taxes was ¥1,060 million against ¥972 million a year ago. Profit attributable to owners of parent was ¥1,006 million against ¥892 million a year ago. Net income per share was ¥9.07 against ¥8.04 a year ago.

The company revised consolidated earnings guidance for the six months ending September 30, 2017 and full year ending March 31, 2018. For the six months, the company expects net sales of ¥40,000 million, operating income of ¥2,600 million, ordinary income of ¥2,200 million, profit attributable to owners of parent of ¥2,700 million against previous forecast of net sales of ¥40,000 million, operating income of ¥2,400 million, ordinary income of ¥1,800 million, profit attributable to owners of parent of ¥1,700 million. The company expects net income per share of ¥24.33.

For the full year ending March 31, 2018, the company expects net sales of ¥80,000 million, operating income of ¥5,000 million, ordinary income of ¥4,000 million, profit attributable to owners of parent of ¥4,200 million against previous forecast of net sales of ¥80,000 million, operating income of ¥5,000 million, ordinary income of ¥4,000 million, profit attributable to owners of parent of ¥3,700 million. The company expects net income per share of ¥37.85.