AXELL Corporation reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales were JPY 1,696 million against JPY 2,831 million a year ago. Operating loss was JPY 33 million against income of JPY 589 million a year ago. Loss was JPY 18 million or JPY 1.64 basic per share against profit of JPY 402 million or JPY 32.84 basic per share a year ago. Loss before income taxes was JPY 25 million against profit of JPY 581 million a year ago.

The company provided dividend guidance for the full year of fiscal 2016. For the year, the company expects a dividend of JPY 10.00 per share against JPY 5.00 per share a year ago.

The company provided consolidated earnings guidance for the first half and full year ending March 31, 2017. For the period, the company expects net sales were JPY 3,400 million, operating loss was JPY 450 million and loss was JPY 450 million or JPY 40.22 basic per share.

For the year, the company expects net sales were JPY 10,000 million, operating income was JPY 300 million and profit was JPY 200 million or JPY 17.87 basic per share.