Flight Holdings Inc. announced consolidated earnings results for the fiscal year ended March 31, 2018. For the year, the company reported net sales of ¥2,105,131,000 compared to ¥3,153,866,000 a year ago. Operating profit was ¥68,099,000 compared to ¥590,280,000 a year ago. Ordinary profit was ¥48,211,000 compared to ¥570,549,000 a year ago. Profit before tax was ¥45,759,000 compared to ¥497,723,000 a year ago. Profit attributable to owners of parent was ¥38,475,000 compare to profit ¥407,124,000 a year ago. Net cash used in operating actives was ¥20,092,000 compared to net cash from operating activities of ¥505,547,000 a year ago. Purchase of property, plant and equipment were ¥17,550,000 compared to ¥11,164,000 a year ago. Purchase of intangible assets was ¥1,286,000 compared to ¥15,883,000 a year ago. Earnings per share was ¥4.07 compared to ¥43.06 a year ago.

For the six months ending September 30, 2018, the company expects net sales of ¥700 million, operating loss of ¥180 million, ordinary loss of ¥190 million, loss attributable to owners of parent of ¥190 million and loss per share of ¥20.09.

For full year ending March 31, 2019, the company forecast net sales of ¥2,500 million, operating profit of ¥270 million, ordinary profit of ¥250 million, profit attributable to owners of parent of ¥170 million and earnings per share of ¥17.98.