Zappallas, Inc. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended April 30, 2016
June 13, 2016 at 11:00 am
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Zappallas, Inc. reported consolidated and non-consolidated earnings results for the year ended April 30, 2016. For the year, on consolidated basis, the company reported net sales of JPY 5,558 million against JPY 7,581 million a year ago. Operating income was JPY 239 million against JPY 516 million a year ago. Ordinary income was JPY 160 million against JPY 728 million a year ago. Loss attributable to owners of parent was JPY 539 million against profit attributable to owners of parent of JPY 242 million a year ago. Basic loss per share was JPY 42.37 against basic earnings per share of JPY 19.02 a year ago. Cash flows from operating activities were JPY 315 million against JPY 1,123 million a year ago. Rate of return on equity at negative was 6.7% against rate of return on equity of 2.9% a year ago.
For the year, on non-consolidated basis, the company reported non-consolidated net sales of JPY 4,478 million against JPY 5,506 million a year ago. Operating income was JPY 249 million against JPY 707 million a year ago. Ordinary loss was JPY 13 million against ordinary income of JPY 956 million a year ago. Loss was JPY 218 million or JPY 17.12 per basic share against profit of JPY 183 million or JPY 14.38 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.