tella, Inc. announced consolidated and non- consolidated earnings results for the nine months ended December 31, 2017. For the period, on consolidated basis the company reported net sales of JPY 957 million compared with JPY 1,801 million for the same period a year ago. Operating loss was JPY 245 million compared with JPY 621 million for the same period a year ago. Ordinary loss was JPY 261 million compared with JPY 667 million for the same period a year ago. Net loss attributable to owners of parent was JPY 643 million or JPY 40.81 per share compared with JPY 918 million or JPY 65.65 per share for the same period a year ago. Negative return on equity was 69.3% against 93.9% a year ago. Cash flows from operating activities were JPY 47 million against cash used in operating activities of JPY 565 million a year ago.

For the six months ending June 30, 2018, on consolidated basis the company now expects to report net sales of JPY 225 million, operating loss of JPY 530 million, ordinary loss of JPY 575 million and net loss attributable to owners of parent of JPY 580 million or JPY 36.78 per share

For the year ending December 31, 2018, on consolidated basis the company now expects to report net sales of 510 JPY million, operating loss of JPY 1,060 million, ordinary loss of JPY 1,115 million and net loss attributable to owners of parent of JPY 1,120 million or JPY 71.02 per share

For the year, on-consolidated basis the company reported net sales of JPY 518 million compared with JPY 807 million for the same period a year ago. Operating loss was JPY 550 million compared with JPY 515 million for the same period a year ago. Ordinary loss was JPY 544 million compared with JPY 530 million for the same period a year ago. Net loss was JPY 451 million or JPY 28.65 per share compared with JPY 1,241 million or JPY 88.73 per share for the same period a year ago.