FRONTEO, Inc. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2018; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2019
November 14, 2018 at 09:01 am EST
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FRONTEO, Inc. announced consolidated earnings results for the six months ended September 30, 2018. For the period, the company reported net sales of ¥5,610 million against ¥5,851 million a year ago. Operating income was ¥196 million against loss of ¥648 million a year ago. Ordinary income was ¥299 million against loss of ¥686 million a year ago. Net income attributable to owners of the parent was ¥185 million or ¥4.67 per diluted share against loss of ¥949 million or ¥25.00 per basic share a year ago. Net cash provided by operating activities was ¥67,890,000 against cash used in operating activities of ¥115,234,000 a year ago. This was mainly attributable to recording of income before income taxes. Income before income taxes was ¥315,629,000 against loss of ¥995,024,000 a year ago. Purchase of property, plant and equipment was ¥136,848,000 against ¥124,728,000 a year ago. Purchase of intangible assets was ¥214,865,000 against ¥166,026,000 a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2019. For the period, the company expects net sales of ¥13,800 million, operating income of ¥700 million, ordinary income of ¥600 million, net income attributable to owners of the parent of ¥300 million or ¥7.89 per share.
FRONTEO, Inc. is principally engaged in the legaltech business and the artificial intelligence (AI) solution business. The Company operates its business through two business segments. The Legaltech business is involved in the provision of e-discovery and forensic services. The AI Solution business is involved in business intelligence, digital communication and healthcare business.
FRONTEO, Inc. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2018; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2019