Zappallas, Inc. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended April 30, 2017
June 12, 2017 at 03:00 am
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Zappallas, Inc. reported consolidated and non-consolidated earnings results for the year ended April 30, 2017. For the year, on consolidated basis, the company reported net sales of JPY 4,846 million against JPY 5,558 million a year ago. Operating income was JPY 294 million against JPY 239 million a year ago. Ordinary income was JPY 298 million against JPY 160 million a year ago. Profit attributable to owners of parent was JPY 134 million against loss attributable to owners of parent of JPY 539 million a year ago. Basic earnings per share was JPY 10.59 against basic loss per share of JPY 42.37 a year ago. Cash flows from operating activities were JPY 613 million against JPY 315 million a year ago. Rate of return on equity was 1.7% against rate of return on equity of negative 6.7% a year ago.
For the year, on non-consolidated basis, the company reported net sales of JPY 4,070 million against JPY 4,478 million a year ago. Operating income was JPY 282 million against JPY 249 million a year ago. Ordinary income was JPY 299 million against ordinary loss of JPY 13 million a year ago. Profit was JPY 136 million or JPY 10.75 per basic share against loss of JPY 218 million or JPY 17.12 per basic share 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. 
