ARRK Corporation Reports Consolidated Earnings Results for the Nine Months Ended Dec. 31, 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
ARRK Corporation reported consolidated earnings results for the nine months ended Dec. 31, 2016. For the period, the company has posted net sales of ¥31,999 million against ¥35,000 million a year ago. Operating income was ¥1,144 million against ¥1,787 million a year ago. Ordinary income was ¥831 million against ¥1,675 million a year ago. Income attributable to owners of parent was ¥548 million compared to profit attributable to owners of parent of ¥983 million a year ago. Net loss per share was ¥1.36 compared to net income per share of ¥2.43 a year ago. Profit before income taxes was ¥984 million against ¥1,613 million a year ago. Net cash provided by operating activities was ¥538 million against ¥716 million a year ago. Purchase of property, plant and equipment was ¥1,782 million against ¥1,744 million a year ago.
The company provided earnings guidance for the year ending March 31, 2017. For the year, the company expects net sales of ¥45,500 million, operating income of ¥2,550 million, ordinary income of ¥2,300 million, profit attributable to owners of parent of ¥1,250 million or ¥3.51 per share.