Shin-Nihon Tatemono Co Ltd. announced consolidated and non-consolidated earnings results for the year ended March 31, 2012. For the year, on consolidated basis, the company reported net sales of JPY 13,795 million compared to JPY 9,736 million a year ago. Operating income was JPY 739 million compared to operating loss of JPY 2,356 million a year ago. Ordinary income was JPY 460 million compared to ordinary loss of JPY 2,542 million a year ago. Net income was JPY 444 million compared to net loss of JPY 1,235 million a year ago. Diluted net income per share was JPY 3.90. Return on equity was 39.8% compared to negative return on equity on equity of 187.3% a year ago. Cash flows from operating activities were JPY 2,560.096 million compared to JPY 1,721.851 million a year ago. Income before income taxes and minority interests was JPY 450.226 million compared to loss before income taxes and minority interests of JPY 1,131.742 million a year ago. Income before minority interests was JPY 444.735 million compared to loss before minority interests of JPY 1,235.080 million a year ago. For the year, on non-consolidated basis, the company reported net sales of JPY 13,781 million compared to JPY 8,945 million a year ago. Operating income was JPY 734 million compared to operating loss of JPY 2,228 million a year ago. Ordinary income was JPY 460 million compared to ordinary loss of JPY 2,399 million a year ago. Net income was JPY 444 million compared to net loss of JPY 1,205 million a year ago. Diluted net income per share was JPY 3.90. For the first half of 2012, on consolidated basis, the company expects net sales of JPY 7,940 million, operating income of JPY 390 million, ordinary income of JPY 190 million and net income of JPY 180 million or JPY 1.81 per share. For the full year ending March 31, 2013, on consolidated basis, the company expects net sales of JPY 17,580 million, operating income of JPY 880 million, ordinary income of JPY 470 million and net income of JPY 460 million or JPY 4.62 per share.