Happinet Corporation reported consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported net sales of ¥84,827 million against ¥72,448 million a year ago. Operating income was ¥1,761 million against ¥844 million a year ago. Ordinary income was ¥1,640 million against ¥741 million a year ago. Profit attributable to owners of the parent was ¥1,044 million or ¥46.96 per diluted share against ¥329 million or ¥14.36 per diluted share a year ago. Profit before income taxes was ¥1,667 million against ¥661 million a year ago. Net cash provided by operating activities was ¥1,502 million against ¥2,470 million a year ago. Purchase of property, plant and equipment was ¥63 million against ¥197 million a year ago. Purchase of intangible assets was ¥330 million against ¥215 million a year ago.

For the year ending March 31, 2018, the company expects to report net sales of JPY 180,000 million, operating income of JPY 4,200 million, ordinary income of JPY 4,000 million and profit attributable to owners of parent of JPY 2,500 million or JPY 113.12 per share.