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 43,400 million compared to JPY 47,067 million a year ago. Operating income was JPY 1,838 million compared to JPY 2,478 million a year ago. Ordinary income was JPY 1,672 million compared to JPY 2,269 million a year ago. Profit attributable to owners of parent was JPY 1,359 million or JPY 3.37 per diluted share compared to JPY 1,089 million or JPY 2.70 per diluted share a year ago. Return on equity was 4.8% compared to 3.8% a year ago. Cash flow from operating activities was JPY 2,332 million compared to JPY 3,132 million a year ago. Profit before income taxes was JPY 1,711 million compared to JPY 1,739 million a year ago. Purchase of property, plant and equipment was JPY 2,551 million compared to JPY 2,963 million a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 12,736 million compared to JPY 14,067 million a year ago. Operating income was JPY 527 million compared to JPY 1,247 million a year ago. Ordinary income was JPY 452 million compared to JPY 1,239 million a year ago. Net income was JPY 780 million or JPY 1.94 per diluted share compared to JPY 1,837 million or JPY 4.55 per diluted share a year ago.

The company provided earnings guidance for the full year ending March 31, 2018. For the full year, the company expected net sales of JPY 44,000 million, operating income of JPY 2,200 million, ordinary income of JPY 1,850 million and profit attributable to owners of the parent of JPY 1,100 million or JPY 3.51 per share.