Mipox Corporation reported consolidated earnings results for the six months ended September 30, 2016. For the period, the company's net sales were JPY 2,747 million compared to JPY 2,280 million a year ago. Operating loss was JPY 74 million compared to operating income of JPY 351 million a year ago. Ordinary loss was JPY 200 million compared to ordinary income of JPY 442 million a year ago. Net loss was JPY 300 million or JPY 28.99 per share compared to net income of JPY 373 million or JPY 36.78 per share a year ago. Loss before income tax was JPY 226.245 million compared to profit before income tax of JPY 452.686 million a year ago. Net cash used in operating activities was JPY 205.329 million compared to net cash provided by operating activities of JPY 242.171 million a year ago. Purchase of property plant and equipment was JPY 248.943 million compared to JPY 178.672 million a year ago. Payments for retirement of property plant and equipment were JPY 6.231 million compared to JPY 3.823 million a year ago. Purchase of intangible assets was JPY 26.023 million compared to JPY 19.645 million a year ago.

For the full year ending March 31, 2017, the company expects net sales of JPY 6,439 million, operating income of JPY 77 million, ordinary loss of JPY 75 million and net loss of JPY 232 million or JPY 22.50 loss per share.