ARRK Corporation announced consolidated and non-consolidated earnings results for the full year ended March 31, 2017. For the year, on consolidated basis, the company reported net sales of JPY 44,742 million compared to JPY 43,400 million a year ago. Operating income was JPY 1,720 million compared to JPY 1,838 million a year ago. Ordinary income was JPY 1,761 million compared to JPY 1,672 million a year ago. Profit attributable to owners of parent was JPY 1,114 million or JPY 2.76 per diluted share compared to JPY 1,359 million or JPY 3.37 per diluted share a year ago. Return on equity was 3.8% compared to 4.8% a year ago. Net cash provided by operating activities was JPY 3,629 million compared to JPY 2,332 million a year ago. Profit before income taxes was JPY 1,513 million compared to JPY 1,711 million a year ago. Purchase of property, plant and equipment was JPY 1,736 million compared to JPY 2,551 million a year ago. Comprehensive income attributable to owners of parent was JPY 2,074 million against JPY 223 million reported last year. Net assets per share was JPY 75.04 compared to JPY 53.82 for the same period a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 12,809 million compared to JPY 12,736 million a year ago. Operating income was JPY 554 million compared to JPY 527 million a year ago. Ordinary income was JPY 611 million compared to JPY 452 million a year ago. Net income was JPY 159 million or JPY 0.40 per diluted share compared to JPY 780 million or JPY 1.94 per diluted share a year ago. Net assets per share was JPY 55.96 compared to JPY 36.53 for the same period a year ago.


The company provided earnings guidance for the full year ending March 31, 2019. For the full year, the company expected net sales of JPY 48,000 million, operating income of JPY 1,750 million, ordinary income of JPY 1,500 million and profit attributable to owners of the parent of JPY 900 million or JPY 2.23 per share.