AXELL Corporation announced non-consolidated earnings results for the six months ended September 30, 2016. For the six months, the company announced net sales of JPY 4,010 million against JPY 6,175 million a year ago. Operating income was JPY 64 million against JPY 771 million a year ago. Ordinary income was JPY 63 million against JPY 750 million a year ago. Profit was JPY 45 million against JPY 519 million a year ago. Basic earnings per share were JPY 4.02 million against JPY 43.56 million a year ago. Net assets per share were JPY 1,009.74 as on September 30, 2016. Profit before income taxes was JPY 63 million against JPY 750 million a year ago. Net cash flow from operating activities was JPY 95 million against cash flow used in operating activities of JPY 338 million a year ago. Purchase of property, plant and equipment was JPY 163 million against JPY 74 million a year ago. Purchase of intangible assets was JPY 15 million against JPY 8 million a year ago.

For the full year ending March 31, 2017, the company expects to report net sales of JPY 10,000 million, operating income of JPY 300 million, ordinary income of JPY 300 million and profit of JPY 200 million or JPY 17.87 basic per share.