ARRK Corporation Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
ARRK Corporation reported consolidated earnings results for the six months ended September 30, 2016. For the period, the company has posted net sales of ¥21,296 million against ¥22,755 million a year ago. Operating loss was ¥683 million against ¥961 million a year ago. Ordinary income was ¥328 million against ¥851 million compared to ¥1,186 million a year ago. Loss attributable to owners of parent was ¥69 million compared to profit attributable to owners of parent of ¥471 million a year ago. Net loss per share was ¥0.19 compared to net income per share of ¥1.32 a year ago. Profit before income taxes was ¥144 million against ¥870 million a year ago. Net cash provided by operating activities was ¥538 million against ¥716 million a year ago. Purchase of property, plant and equipment was ¥1,782 million against ¥1,744 million a year ago.
The company provided earnings guidance for the year ending March 31, 2017. For the year, the company expects net sales of ¥45,500 million, operating income of ¥2,550 million, ordinary income of ¥2,300 million, profit attributable to owners of parent of ¥1,250 million or ¥3.51 per share.