Watami Co., Ltd. announced consolidated earnings results for the first quarter ended June 2017. For the quarter, the company reported net sales of JPY 23,638 million compared to JPY 24,460 million a year ago. Operating loss was JPY 112 million compared to JPY 591 million a year ago. Ordinary income was JPY 55 million compared to ordinary loss of JPY 568 million a year ago. Loss attributable to owners of parent was JPY 208 million or JPY 5.34 per basic share compared to JPY 645 million or JPY 16.52 per basic share a year ago. Net assets per share were JPY 404.54 as at June 30, 2017.

For the half year ending September 2017, the company expects net sales of JPY 45,000 million, operating loss of JPY 700 million, ordinary loss of JPY 600 million, loss attributable to the owners of the parent of JPY 1,000 million or basic loss per share of JPY 25.57.

For the year ending March 31, 2018, the company expects net sales of JPY 96,000 million, operating income of JPY 500 million, ordinary income of JPY 750 million, profit attributable to the owners of the parent of JPY 100 million or basic earnings per share of JPY 2.55.