Watami Co., Ltd. reported consolidated earnings results for the first quarter ended June 2018. For the quarter, the company's net sales were JPY 23,100 million compared to JPY 23,638 million a year ago. Operating loss was JPY 223 million compared to JPY 112 million a year ago. Ordinary loss was JPY 157 million compared to ordinary profit of JPY 55 million a year ago. Loss attributable to owners of parent was JPY 308 million compared to JPY 208 million a year ago. Basic loss per share was JPY 7.90 compared to JPY 5.34 a year ago.

The company provided earnings guidance for the first half ending September 2018 and full year ending March 31, 2019. For the first half ending September 2018, the company expects net sales of JPY 44,600 million, operating loss of JPY 500 million, ordinary loss of JPY 400 million, loss attributable to owners of parent of JPY 700 million and basic loss per share of JPY 17.90.

For the full year ending March 31, 2019, the company expects net sales of JPY 94,300 million, operating income of JPY 700 million, ordinary income of JPY 900 million, profit attributable to owners of parent of JPY 200 million and basic earnings per share of JPY 5.11.