Happinet Corporation reported consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported net sales of ¥72,448 million against ¥83,993 million a year ago. Operating income was ¥844 million against ¥1,837 million a year ago. Ordinary income was ¥741 million against ¥1,857 million a year ago. Profit attributable to owners of the parent was ¥329 million or ¥14.36 per diluted share against ¥1,185 million or ¥51.62 per diluted share a year ago. Profit before income taxes was ¥661 million against ¥1,853 million a year ago. Net cash provided by operating activities was ¥2,470 million against net cash used in operating activities of ¥167 million a year ago. Purchase of property, plant and equipment was ¥197 million against ¥117 million a year ago. Purchase of intangible assets was ¥215 million against ¥247 million a year ago.

For the year ending March 31, 2017, the company expects to report net sales of JPY 190,000 million, operating income of JPY 4,000 million, ordinary income of JPY 4,000 million and profit attributable to owners of parent of JPY 2,600 million or JPY 114.63 per share.