Amagasa Co. Ltd. announced consolidated earnings results for the year ended January 2018. For the year, on consolidated basis, the company reported net sales of JPY 5,902 million compared to JPY 6,569 million a year ago. Operating income was JPY 44 million compared to operating loss of JPY 79 million a year ago. Ordinary income was JPY 23 million compared to operating loss of JPY 135 million a year ago. Loss attributable to owners of the parent was JPY 80 million compared to loss of JPY 436 million a year ago. Net loss per share - basic was JPY 43.2 compared to JPY 234.06 earnings per share a year ago. Net asset per share was JPY 811.25 against JPY 867.59 a year ago. Cash flows from operating activities were JPY 196 million compared to JPY 21 million a year ago. Negative rate of return on equity was 5.1% against 23.4% a year ago.

The company provided earnings guidance for the first half of ending July 2018 and full year ending January 2019. For the year ending January 2019, the company expects net sales of JPY 5,904 million, operating income of JPY 62 million, ordinary income of JPY 46 million and profit attributable to owners of the parent of JPY 5 million or JPY 3.09 per share.

For the first half ending July 2018, the company expects net sales of JPY 3,028 million, operating income of JPY 51 million, ordinary income of JPY 42 million and profit attributable to owners of the parent of JPY 16 million or JPY 8.64 per share.