ARRK Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
ARRK Corporation reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company reported operating income of ¥36 million and net loss of $422 million or ¥1.19 per diluted share on net sales of ¥10,454 million against operating income of ¥107 million and net loss of $131 million or ¥0.37 per diluted share on net sales of ¥10,693 million for the same period a year ago. Loss before income taxes and minority interests was ¥294 million against income of ¥39 million for the same period a year ago.
The company provided earnings guidance for the year ending March 31, 2017. For the period, the company expects net sales to be ¥45,500 million, operating income to be ¥2,550 million, ordinary income to be ¥2,300 million and profit attributable to owners of parent to be ¥1,250 million or ¥3.51.