Japan Asia Group Limited announced consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported net sales of ¥29,111 million, operating loss of ¥750 million, ordinary loss of ¥1,379 million, loss attributable to owners of the parent of ¥1,737 million compared to net sales of ¥34,919 million, operating income of ¥1,063 million, ordinary income of ¥254 million, profit attributable to owners of the parent of ¥491 million a year ago. Loss per share were ¥63.8 against ¥17.90 earnings per share a year ago. Loss before income taxes and minority interests was ¥1,448 million against income of ¥1,110 million a year ago. Net cash provided by operating activities was ¥4,065 million against ¥10,454 million a year ago. Purchase of property, plant and equipment was ¥3,161 million against ¥5,159 million a year ago. Purchase of intangible assets was ¥16 million against ¥39 million a year ago.

For the year ending March 31, 2017, the company expects net sales of ¥77,000 million, operating income of ¥2,800 million, ordinary income of ¥1,300 million, profit attributable to shareholders of the parent of ¥1,000 million and net earnings per share of ¥36.18.