Laox Co., Ltd. announced unaudited consolidated and non-consolidated earnings results for the year ended December 31, 2017. For the year, on consolidated basis, the company announced net sales of JPY 64,291 million against JPY 62,764 million a year ago. Operating profit was JPY 138 million against operating loss of JPY 955 million a year ago. Ordinary profit was JPY 48 million against ordinary loss of JPY 1,012 million a year ago. Profit attributable to owners of parent company was JPY 104 million or JPY 1.63 per share against loss attributable to owners of parent company of JPY 1,766 million or JPY 27.27 per share a year ago. Return on equity was 0.2% against negative return on equity of 3.8% a year ago. Net assets per share were JPY 685.94 against JPY 685.09 a year ago. Cash flows from operating activities was JPY 2,783 million against JPY 1,458 million a year ago.

For the year, on non-consolidated basis, the company announced net sales of JPY 52,344 million against JPY 55,007 million a year ago. Operating profit was JPY 69 million against operating loss of JPY 945 million a year ago. Ordinary profit was JPY 273 million against ordinary loss of JPY 1,026 million a year ago. Loss attributable to owners of parent company was JPY 991 million or JPY 15.37 per share against JPY 2,107 million or JPY 32.53 per share a year ago. Net assets per share were JPY 686.05 against JPY 701.62 a year ago.

The company provided earnings guidance for the full year ending December 31, 2018. For the full year, the company expects to report net sales of JPY 90,000 million, operating income of JPY 1,000 million and ordinary income of JPY 1,000 million.