Four Seas Mercantile Holdings Limited announced earnings guidance for the year ended March 31, 2016. The board of directors of the Company announced that, based on the information currently available to the Board and the preliminary review of the latest unaudited consolidated management accounts of the Group, it is expected that the Group will record a decrease of approximately 60% to 70% in its consolidated profit attributable to equity holders of the Company for the year ended March 31, 2016 as compared with the year ended March 31, 2015. Based on information currently available to the Company, the Board considers that such decrease was, for one thing, due to the continual weakening of the retail market and the overall consumer market, in which the Group operated, in the second half of the year ended 31 March 2016 as a result of the economic slowdown. Coupled with the intensified competition within the industry and in order to cope with the market conditions and enhance its overall competitiveness, the Group has made some downward adjustment to the selling prices of certain products of the Group; and increased its marketing and promotional expenses for the year ended 31 March 2016 as compared with the previous year. With these efforts in promoting sales, the revenue of the Group for the year ended 31 March 2016 is expected to be maintained at a relatively stable level as compared with the year ended 31 March 2015 despite the decrease of profitability. For another, the appreciation of the Japanese yen in the second half of the year ended 31 March 2016 has also negatively impacted the profits of the Group.