Intelligent Wave Inc. reported unaudited consolidated earnings results for the fiscal year ended June 30, 2016. For the period, the company reported net sales of JPY 7,206 million, operating income of JPY 714 million, ordinary income of JPY 730 million, profit attributable to owners of the parent of JPY 478 million or JPY 18.18 per share against net sales of JPY 6,160 million, operating income of JPY 484 million, ordinary income of JPY 490 million, profit attributable to owners of the parent of JPY 471 million or JPY 17.89 per share a year ago. Cash flow from operating activities was JPY 124 million against JPY 839 million a year ago.

For the first half, the company expects net sales to be JPY 3,400 million, operating income to be JPY 260 million, ordinary income to be JPY 260 million, net income to be JPY 180 million or JPY 6.83 per basic share.

For the full year June 30, 2017, the company expects net sales to be JPY 8,000 million, operating income to be JPY 800 million, ordinary income to be JPY 800 million, net income to be JPY 550 million or JPY 20.88 per basic share.