Japan Tissue Engineering Co., Ltd. reported non-consolidated earnings results for the second quarter ended September 30, 2016. For the quarter, the company reported net sales of ¥766 million against of ¥696 million a year ago. Operating loss was ¥161 million against ¥371 million a year ago. Ordinary loss was ¥162 million against ¥372 million a year ago. Net loss attributable to owners of parent was ¥164 million against ¥374 million a year ago. Net loss per share was ¥4.06 against ¥9.23 a year ago. Net cash used in operating activities was ¥53,886,000 against ¥85,982,000 a year ago. Payments for purchase of tangible fixed assets were ¥7,311,000 against ¥222,508,000 a year ago. Payments for purchase of intangible fixed assets were ¥15,782,000 compared to ¥5,266,000 a year ago. Loss before income taxes was ¥162,984,000 compared to ¥372,538,000 a year ago.

For the year ending March 31, 2017, the company expected to report net sales of ¥2,098 million, operating income of ¥11 million, ordinary income of ¥10 million, net income of ¥5 million and net income per share of ¥0.14.