ARRK Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016
ARRK Corporation reported consolidated earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported operating income of ¥107 million and net loss of $131 million or ¥0.37 per diluted share on net sales of ¥10,693 million against operating income of ¥12,027 million and net income of $280 million or ¥2.54 per diluted share on net sales of ¥12,027 million for the same period a year ago. Income before income taxes and minority interests was ¥39 million against ¥383 million for the same period a year ago. Ordinary income was ¥19 million against ¥304 million for the same period a year ago.
The company provided earnings guidance for the year ending March 31, 2016. For the period, the company expects net sales to be ¥47,500 million, operating income to be ¥3,000 million, ordinary income to be ¥2,800 million and profit attributable to owners of parent to be ¥1,900 million.