Invincible Investment Corporation announced earnings results for the six months ended June 30, 2017. For the period, the company reported operating revenues of JPY 9,260 million, operating income was JPY 5,344 million, ordinary income was JPY 4,702 million, net income was JPY 4,702 million or JPY 1,241 per unit. Cash flows from operating activities were JPY 6,830 million. Return on Asset (ROA) (annualized) was 3.2% against 3.6% a year ago. Return on Equity (ROE) (annualized) was 7.0% against 7.5% a year ago. Net operating income was JPY 8,023 million against JPY 7,136 million a year ago. Income before income taxes was JPY 4,702.7 million. Cash flows from operating activities was JPY 6,830.155 million. Purchases of property and equipment in trust was JPY 26,684.589 million.

The company provided earnings guidance for the second half ending December 31, 2017. For the period, the company expects operating revenues of JPY 10,781 million, operating income of JPY 6,512 million, ordinary income of JPY 5,885 million, net income of JPY 5,884 million and estimated net income per unit for the fiscal period ending December 31, 2016 is JPY 1,524.