Japan Asia Group Limited Announces Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
Japan Asia Group Limited announced consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported net sales of ¥29,111 million, operating loss of ¥750 million, ordinary loss of ¥1,379 million, loss attributable to owners of the parent of ¥1,737 million compared to net sales of ¥34,919 million, operating income of ¥1,063 million, ordinary income of ¥254 million, profit attributable to owners of the parent of ¥491 million a year ago. Loss per share were ¥63.8 against ¥17.90 earnings per share a year ago. Loss before income taxes and minority interests was ¥1,448 million against income of ¥1,110 million a year ago. Net cash provided by operating activities was ¥4,065 million against ¥10,454 million a year ago. Purchase of property, plant and equipment was ¥3,161 million against ¥5,159 million a year ago. Purchase of intangible assets was ¥16 million against ¥39 million a year ago.
For the year ending March 31, 2017, the company expects net sales of ¥77,000 million, operating income of ¥2,800 million, ordinary income of ¥1,300 million, profit attributable to shareholders of the parent of ¥1,000 million and net earnings per share of ¥36.18.