Flight Holdings Inc. Announces Consolidated Earnings Results for the Fiscal Year Ended March 31, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2017 and Full Fiscal Year Ending March 31, 2018
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.