Flight Holdings Inc. announced consolidated earnings results for the first quarter ended June 30, 2017. For the period, the company reported net sales of JPY 605 million compared with JPY 202 million for the same period a year ago. Operating income was JPY 66 million compared with loss of JPY 103 million for the same period a year ago. Ordinary income was JPY 72 million compared with loss of JPY 115 million for the same period a year ago. Profit attributable to owners of the parent was JPY 72 million or JPY 6.09 per share compared with loss of JPY 116 million or JPY 12.31 per share for the same period a year ago. Income before income taxes and minority interests was JPY 72.26 million compared with loss of JPY 115.2 million for the same period a year ago.

The company provided earnings guidance for the first half and full year of 2018. For the first half, the company expects to report net sales of JPY 1,100 million, operating income of JPY 30 million, ordinary income of JPY 30 million and profit attributable to owners of the parent of JPY 25 million or JPY 2.64 per share.

For the full year, the company expects to report net sales of JPY 2,500 million, operating income of JPY 260 million, ordinary income of JPY 250 million and profit attributable to owners of the parent of JPY 200 million or JPY 21.15 per share.