ARRK Corporation Announces Consolidated and Non Consolidated Earnings Results for the Year Ended March 31, 2013; Provides Earnings Guidance for the Year Ending March 31, 2014
ARRK Corporation announced consolidated and non consolidated earnings results for the year ended March 31, 2013. For the year, on consolidated basis, the company reported net sales of ¥81,691 million, operating income of ¥4,094 million, loss before income taxes and minority interests of ¥3,155 million, net loss of ¥805 million or ¥12.72 per share as compared to net sales of ¥101,736 million, operating income of ¥5,893 million, income before income taxes and minority interests of ¥1,182 million, net loss of ¥5,004 million or ¥76.72 per share for the same period prior year. Net cash provided by operating activities of ¥4,916 million against ¥4,916 million a year ago. Purchase of property, plant and equipment was ¥5,214 million against ¥3,933 million a year ago. Loss on equity was 4.2% against 105.4% a year ago.
For the year, on non consolidated basis, the company reported net sale of ¥9,323 million, operating income of ¥408 million, net loss of ¥6,022 million or ¥95.05 per share compared to net sale of ¥10,326 million, operating income of ¥861 million, net loss of ¥8,050 million or ¥123.38 per share a year ago.
The company provided consolidated earning guidance for the year ending March 31, 2014. For the year, the company expected net sales of ¥55,000 million, operating income of ¥3,600 million and net income of ¥500 or ¥4.52 per share.