Excel Co.,Ltd. announced unaudited consolidated earnings results for the nine months ended December 31, 2019. For the period, the company reported net sales of JPY 37,378 million compared to JPY 48,580 million a year ago. Operating loss was JPY 640 million compared to profit of JPY 86 million a year ago. Ordinary loss was JPY 697 million compared to JPY 3 million a year ago. Profit attributable to owners of parents was JPY 1,107 million compared to loss of JPY 103 million a year ago. Earnings per share was JPY 127.85 compared to loss per share of JPY 8.69 a year ago.

For the year ending March 31, 2020, the company expects net sales to be JPY 57,000 million, operating loss to be JPY 500 million, ordinary loss to be JPY 535 million, profit attributable to owners of parent to be JPY 1,230 million and earnings per share to be JPY 141.93.