FRONTEO, Inc. Announces Consolidated Financial Results for the Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2018
February 14, 2018 at 07:30 am EST
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FRONTEO, Inc. announced consolidated financial results for the nine months ended December 31, 2017. For the nine months, the company reported net sales were JPY 9,088 million compared to JPY 8,249 million in the prior year period. Operating loss was JPY 435 million compared with JPY 826 million a year ago. Ordinary loss was JPY 466 million compared with JPY 804 million a year ago. Net loss attributable to owners of the parent was JPY 1,355 million compared with JPY 930 million a year ago. Basic net loss per share was JPY 35.66 compared with JPY 25.88 a year ago. Loss before income taxes was JPY 1,302,920,000 compared with JPY 864,660,000 a year ago.
For the fiscal year ending March 31, 2018, the company expects sales of JPY 12,600 million, operating income of JPY 200 million, ordinary income of JPY 100 million, and net loss attributable to owners of the parent of JPY 895 million, net loss per share of JPY 23.35 compared to sales of JPY 12,600 million, operating income of JPY 200 million, ordinary income of JPY 150 million, and net loss attributable to owners of the parent of JPY 417 million, net loss per share of JPY 10.97 as previous guided.
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 Financial Results for the Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2018