AXELL Corporation announced non-consolidated earnings results for the year ended March 31, 2017. For the year, the company announced net sales of JPY 8,012 million against JPY 8,982 million a year ago. Operating income was JPY 141 million against JPY 244 million a year ago. Ordinary income was JPY 162 million against JPY 220 million a year ago. Profit was JPY 92 million against JPY 113 million a year ago. Basic earnings per share were JPY 8.30 against JPY 9.85 a year ago. Profit before income taxes was JPY 162 million against JPY 178 million a year ago. Net cash provided by operating activities was JPY 1,273 million against net cash used in operating activities Of JPY 704 million a year ago. Return on equity was 0.8% against 0.9% a year ago. Purchase of property, plant and equipment was JPY 205 million against JPY 165 million a year ago.

For the first half of fiscal year ending March 31, 2018, the company expects to report net sales of JPY 3,500 million, operating loss of JPY 300 million, ordinary loss of JPY 300 million and loss of JPY 120 million or JPY 10.72 basic per share.

For the full year ending March 31, 2018, the company expects to report net sales of JPY 9,900 million, operating income of JPY 20 million, ordinary income of JPY 20 million and profit of JPY 45 million or JPY 4.02 basic per share.