Happinet Corporation reported consolidated earnings results for the year ended March 31, 2016. For the year, the company reported net sales of JPY 187,274 million compared to JPY 217,232 million a year ago. Operating income was JPY 3,450 million compared to JPY 5,056 million a year ago. Ordinary income was JPY 3,497 million compared to JPY 5,124 million a year ago. Profit attributable to owners of the parent was JPY 2,359 million compared to JPY 4,049 million a year ago. Net income per diluted share was JPY 102.15 compared to JPY 176.16 a year ago. Return on equity was 7.8% compared to 14.8% a year ago. Return on asset was 6.0% compared to 9.0% a year ago. Net cash provided by operating activities was JPY 978 million compared to JPY 6,658 million a year ago. Profit before income taxes was JPY 3,538 million compared to JPY 4,508 million a year ago. Purchase of property, plant and equipment was JPY 172 million compared to JPY 247 million a year ago. Purchase of intangible assets was JPY 448 million compared to JPY 550 million a year ago.

The company provided consolidated earnings guidance for the half year of year ending March 31, 2017 and full year ending March 30, 2017. For the half year, the company expects net sales of JPY 80,000 million, operating income of JPY 1,500 million, ordinary income of JPY 1,500 million and profit attributable to owners of parent of JPY 1,000 million or JPY 44.09 per share.

For the year, the company expects 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.