Gree, Inc. reported consolidated earnings results for the six months ended December 31, 2017. For the period, the company reported net sales of JPY 41,074 million, operating profit of JPY 5,034 million, ordinary profit of JPY 5,704 million and profit attributable to owners of the parent of JPY 3,891 million or JPY 16.35 per diluted share as compared to net sales of JPY 30,255 million, operating profit of JPY 4,044 million, ordinary profit of JPY 6,334 million and profit attributable to owners of the parent of JPY 12,703 million or JPY 53.98 per diluted share for the same period a year ago. Profit before income taxes was JPY 5,518 million compared to JPY 9,098 million a year ago. Net cash flow provided by operating activities were JPY 4,279 million compared to JPY 8,043 million a year ago. Purchase of property, plant and equipment was JPY 65 million compared to JPY 108 million a year ago. Purchase of intangible assets was JPY 26 million compared to JPY 5 million a year ago.

The company provided consolidated earnings guidance for the year ending June 30, 2018. For the period, the company expects net sales of JPY 60,600 million, operating profit of JPY 7,500 million, ordinary profit of JPY 8,200 million and profit attributable to owners of the parent of JPY 5,500 million or JPY 23.24 per share.