ARRK Corporation Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
ARRK Corporation reported consolidated earnings results for the six months ended September 30, 2017. For the period, the company has posted net sales of ¥21,082 million against ¥21,296 million a year ago. Operating income was ¥323 million against ¥683 million a year ago. Ordinary income was ¥2695 million against ¥328 million compared to ¥1,186 million a year ago. Profit attributable to owners of parent was ¥241 million compared to loss attributable to owners of parent of ¥69 million a year ago. Diluted net income per share was ¥0.60. Profit before income taxes was ¥319 million against ¥144 million a year ago. Net cash provided by operating activities was ¥752 million against ¥538 million a year ago. Purchase of property, plant and equipment was ¥648 million against ¥1,782 million a year ago. Net assets per share were ¥55.94.
The company provided earnings guidance for the year ending March 31, 2018. For the year, the company expects net sales of ¥44,000 million, operating income of ¥2,200 million, ordinary income of ¥1,850 million, profit attributable to owners of parent of ¥1,100 million or ¥3.09 per share.