AXELL Corporation announced earnings results for the nine months ended December 30, 2016. For the nine months, the company announced net sales of JPY 6,728 million against JPY 7,719 million a year ago. Operating income was JPY 359 million against JPY 611 million a year ago. Ordinary income was JPY 392 million against JPY 591 million a year ago. Profit was JPY 243 million against JPY 408 million a year ago. Basic earnings per share were JPY 21.74 against JPY 35.02 a year ago. Net assets per share were JPY 1,028.13 as on December 30, 2016. Profit before income taxes was JPY 392 million against JPY 591 million a year ago.

For the full year ending March 31, 2017, the company expects to report net sales of JPY 8,000 million, operating income of JPY 100 million, ordinary income of JPY 120 million and profit of JPY 70 million or JPY 6.25 basic per share.