Media Kobo,Inc. announced consolidated earnings results for the third quarter ended May 31, 2016. For the quarter, the company reported net sales of JPY 1,472 million compared to JPY 1,827 million a year ago. Operating income was JPY 19 million compared to JPY 241 million a year ago. Ordinary loss was JPY 24 million compared to ordinary income of JPY 199 million a year ago. Loss attributable to owners of parent was JPY 38 million or JPY 3.58 per basic share compared to profit of JPY 147 million or JPY 13.83 per basic share a year ago.

The company provided consolidated earnings guidance for the fourth quarter ending August 2016. The company expects net sales of JPY 1,970 million, operating income of JPY 55 million, ordinary income of JPY 5 million, loss attributable to owners of parent of JPY 10 million or JPY 0.88 per basic share.