Gree, Inc. reported consolidated earnings results for the year ended June 30, 2017. For the year, the company reported net sales of JPY 65,369 million, operating profit of JPY 7,997 million, ordinary profit of JPY 10,035 million and profit attributable to owners of the parent of JPY 12,116 million or JPY 51.44 per diluted share as compared to net sales of JPY 69,878 million, operating profit of JPY 14,239 million, ordinary profit of JPY 10,534 million and profit attributable to owners of the parent of JPY 8,402 million or JPY 35.73 per diluted share for the same period a year ago. Cash flows from operating activities were JPY 11,652 million compared to JPY 7,476 million a year ago. Profit before income taxes was JPY 8,213 million compared to JPY 8,783 million a year ago. Purchase of property, plant and equipment was JPY 123 million compared to JPY 125 million a year ago. Purchase of intangible assets was JPY 397 million compared to JPY 53 million a year ago. EBITDA was JPY 10.1 billion.

For the quarter, the company reported both net sales and operating income grew quarter on quarter, with net sales of JPY 19.2 billion and operating income of JPY 2.4 billion.

The company provided consolidated earnings guidance for the three months ending September 30, 2017. For the period, the company expects net sales of JPY 20,500 million, operating profit of JPY 1,500 million, ordinary profit of JPY 1,500 million and profit attributable to owners of the parent of JPY 1,000 million or JPY 4.25 per share.