FRONTEO, Inc. Announces Consolidated Financial Results for the Quarter Ended June 30, 2019; Provides Consolidated Guidance for the Year Ending March 31, 2020
August 14, 2019 at 06:05 am EDT
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FRONTEO, Inc. announced consolidated financial results for the quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 2,583,304,000 against JPY 2,756,001,000 for the same period a year ago. Operating loss was JPY 444,479,000 against income of JPY 158,860,000 for the same period a year ago. Net loss was JPY 439,820,000 against income of JPY 139,775,000 for the same period a year ago. Basic net loss per share was JPY 11.65 per share against income of JPY 3.66 per share for the same period a year ago.
For the year ending March 31, 2020, the company expects net sales to be JPY 11,600 million. Operating income is expected to be JPY 200 million. Net income attributable to owners of the parent is expected to be JPY 10 million. Net income per share is expected to be JPY 0.26 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 Financial Results for the Quarter Ended June 30, 2019; Provides Consolidated Guidance for the Year Ending March 31, 2020
FRONTEO, INC. 
