Watami Co., Ltd. announced earnings results for the year ended March 2017. For the year, the company reported net sales of ¥100,312 million, operating profit of ¥182 million, ordinary profit of ¥717 million, loss attributable to owners of parent of ¥1,833 million or ¥46.89 basic per share, cash flows from operating activities of ¥3,042 million compared to the net sales of ¥128,246 million, operating loss of ¥290 million, ordinary loss of ¥1,132 million, profit attributable to owners of parent of ¥7,810 million or ¥209.13 basic per share, cash flows from operating activities of ¥2,701 million for the previous year. Negative rate of return on equity was 10.3% compared to rate of return on equity of 55.1% for the previous year. Net assets per share was ¥424.59 compared to ¥479.23 for the previous year.

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

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