Flight Holdings Inc. announced consolidated earnings results for the fiscal year ended March 31, 2017. For the period, the company reported net sales of ¥3,153,866,000 compared to ¥1,955,613,000 a year ago. Operating profit was ¥590,280,000 compared to loss ¥92,329,000 a year ago. Ordinary profit was ¥570,549,000 compared to loss ¥128,721,000 a year ago. Profit before tax was ¥497,723,000 compared to loss ¥158,905,000 a year ago. Profit attributable to owners of parent was ¥407,124,000 compare to profit ¥162,278,000 a year ago. Net cash provided from operating actives was ¥505,547,000 compared to net cash used in operating activities of ¥118,127,000 a year ago. Purchase of property, plant and equipment were ¥11,164,000 compared to ¥34,702,000 a year ago. Purchase of intangible assets was ¥15,883,000 compared to ¥24,924,000 a year ago. Earnings per share was ¥43.06 compared to loss per share ¥17.16 a year ago. Net asset per share was 75.94% compared to 32.92% a year ago.

For the six months ending September 30, 2017, the company expects net sales of ¥1,100 million, operating profit of ¥30 million, ordinary profit of ¥30 million, profit attributable to owners of parent of ¥25 million and earnings per share of ¥2.64.

For full year ending March 31, 2018, the company forecast net sales of ¥2,500 million, operating profit of ¥260 million, ordinary profit of ¥250 million, profit attributable to owners of parent of ¥200 million and earnings per share of ¥21.15.