FRONTEO, Inc. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020
November 14, 2019 at 08:56 am EST
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FRONTEO, Inc. announced consolidated earnings results for the six months ended September 30, 2019. For the six months, the company reported net sales of JPY 4,909 million against JPY 5,610 million for the same period a year ago. Operating loss was JPY 775 million against operating income of JPY 196 million for the same period a year ago. Basic net loss per share was JPY 24.61 against income of JPY 4.88 for the same period a year ago. Net loss was JPY 928,504 million against net income of JPY 188,200 million for the same period a year ago.
The company provided earnings guidance for the Year Ending March 31, 2020. For the year, the company expects net sales of JPY 10,500 million, operating loss of JPY 750 million, net loss attributable to owners of the parent of JPY 1,000 million and net loss per share of JPY 26.22.
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, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020