Excel Co. Ltd. reported consolidated earnings results for the year ended March 31, 2017. For the period, the company's net sales were JPY 98,703 million against JPY 148,945 million a year ago. Operating income was JPY 1,760 million against JPY 3,054 million a year ago. Ordinary income was JPY 1,448 million against JPY 2,651 million a year ago. Profit attributable to owners of parent was JPY 1,065 million against JPY 2,330 million a year ago. Net income per share was JPY 122.94 against JPY 268.87 a year ago. Net cash provided by operating activities were JPY 12,332 million against of JPY 31,977 million a year ago. Profit before income taxes was JPY 1,532 million against JPY 3,121 million a year ago. Purchase of property, plant and equipment was JPY 35 million against JPY 32 million a year ago. Purchase of intangible assets was JPY 14 million against JPY 2 million a year ago. Profit attributable to owners of parent/equity was 4.6% against negative of 10.7% a year ago.

For the six months ending September 30, 2017, the company expects net sales of JPY 53,000 million, operating income of JPY 720 million, ordinary income of JPY 680 million and profit attributable to owners of parent of JPY 550 million or JPY 63.46 per share.

For the full year ending March 31, 2018, the company expects net sales of JPY 110,000 million, operating income of JPY 1,800 million, ordinary income of JPY 1,600 million and profit attributable to owners of parent of JPY 1,300 million or JPY 150.01 per share.