Harakosan Co., Ltd. reported consolidated earnings results for the first quarter ended May 2016. For the quarter, the company's net sales were JPY 250 million compared to JPY 260 million a year ago. Operating income was JPY 5 million compared to operating loss of JPY 3 million a year ago. Profit attributable to owners of parent was JPY 1 million compared to JPY 9 million a year ago. Basic earnings per share was JPY 0.03 compared to JPY 0.14 a year ago.

The company provided earnings guidance for the first half ending August 2016. For the period, the company expects net sales of JPY 450 million, operating loss of JPY 22 million, ordinary loss of JPY 36 million and loss attributable to owners of parent of JPY 38 million or JPY 0.52 per share.