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.