FRONTEO, Inc. announced unaudited financial results for the third quarter ended December 31, 2016. Net sales for the third quarter 2017 came in at JPY 3,011 million compared to JPY 3,179 million in the prior year period. Net loss for the third quarter 2017 was JPY 412 million as compared to a net income of JPY 39 million in the prior year period. Net loss per ordinary share (basic) for the third quarter 2017 was JPY 25.88 compared to a net loss per ordinary share (basic) of JPY 2.85 in the prior year period.

For the fiscal year ending March 31, 2017, the company expects its sales to be approximately JPY 11,800 million representing year-over-year growth of approximately 11.8%; operating loss to be approximately JPY 850 million, ordinary loss to be approximately JPY 860 million, and net loss attributable to owners of the parent to be approximately JPY 700 million.