Zappallas, Inc. Announces Consolidated Earnings Results for the Year Ended April 30, 2018
June 05, 2018 at 03:00 am
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Zappallas, Inc. announced consolidated earnings results for the year ended April 30, 2018. For the year, the company reported net sales of JPY 4,408 million compared to JPY 4,846 million a year ago. Operating loss was JPY 695 million compared to profit of JPY 294 million a year ago. Ordinary loss was JPY 700 million compared to profit of JPY 298 million a year ago. Loss attributable to owners of parent was JPY 863 million compared to profit of JPY 134 million a year ago. Basic loss per share was JPY 67.83 compared to earnings of JPY 10.59 a year ago. Rate of return on equity negative was 11.7% compared to positive of 1.7% a year ago. Cash flows used in operating activities was JPY 526 million compared to generated of JPY 613 million a year ago.
ZAPPALLAS, INC. is a Japan-based company mainly engaged in the provision of content services. The Company has two business segments. The Mobile Services segment is engaged in the planning, production, development and operation of divination and other digital content through mobile devices, the provision of telephone divination and divination related services, and other mobile-related services, as well as the operation of media sites. The Overseas segment is engaged in the operation of divination sites in the United States, as well as the sale of advertisings and content to users. The Company is also engaged in the application service provider (ASP) business for corporates, the planning of virtual reality (VR) content, the operation of online shopping sites, as well as the travel business.
ZAPPALLAS, INC. 
