CAVE Interactive Co.,Ltd. Announces Earnings Results for the Year Ended May 31, 2017
July 13, 2017 at 02:00 am EDT
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CAVE Interactive CO.,LTD. announced earnings results for the year ended May 31, 2017. For the year, the company's net sales were ¥2,820 million compared with ¥2,344 million a year ago. Operating loss was ¥220 million compared with operating income of ¥105 million a year ago. Ordinary loss was ¥229 million compared with ordinary income of ¥103 million a year ago. Loss was ¥391 million or ¥152.65 per basic and diluted share compared with profit of ¥95 million or ¥39.41 per basic share a year ago. Negative rate of return on equity was 63.3% compared with rate of return on equity of 17.1% a year ago. As on May 31, 2017, the company's net assets per share was ¥226.46. Cash flows used in operating activities was ¥133 million compared with cash flows from operating activities of ¥250 million a year ago.
Cave Interactive Co Ltd is a Japan-based company mainly engaged in the development and operation of mobile online games, the provision of support and management services for Internet video distributors, and the multi-channel network business. The Interactive segment is engaged in the development and operation of games for mobiles and computers such as Do Don Pachi Dai Fukkatsu, Death Smiles, Mushihimesama, Akai Katana and others, as well as the provision of live distribution services.