AXELL Corporation reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales were JPY 1,434 million against JPY 1,696 million a year ago. Operating loss was JPY 316 million against JPY 33 million a year ago. Loss was JPY 136 million or JPY 12.20 basic per share against JPY 18 million or JPY 1.64 basic per share a year ago. Loss before income taxes was JPY 246 million against JPY 25 million a year ago. Ordinary loss was JPY 311 million against JPY 25 million a year ago.

The company provided dividend guidance for the full year of fiscal 2018. For the year, the company expects a dividend of JPY 5 per share against JPY 5 per share a year ago.

The company provided consolidated earnings guidance for the first half and full year ending March 31, 2018. For the period, the company expects net sales were JPY 3,500 million, operating loss was JPY 300 million and loss was JPY 120 million or JPY 10.72 basic per share.

For the year, the company expects net sales were JPY 9,900 million, operating profit was JPY 20 million and profit was JPY 45 million or JPY 4.02 basic per share.