FRONTEO, Inc. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Provides Earnings Guidance for the Full Year Ending March 31, 2019
August 14, 2018 at 06:03 am EDT
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FRONTEO, Inc. reported consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported net sales were ¥2,756,001,000, operating income was ¥158,860,000, ordinary income was ¥222,350,000, income before income taxes were ¥239,248,000, net income was ¥139,775,000, net income attributable to owners of the parent was ¥139,411,000 against net sales were ¥2,677,071,000, operating loss was ¥662,414,000, ordinary loss was ¥680,311,000, loss before income taxes were ¥680,311,000, net loss was ¥453,699,000, net loss attributable to owners of the parent was ¥456,248,000 a year ago. Net income was ¥3.66 per basic share compared to net loss of ¥12.01 per basic share a year ago.
For the full year ending March 31, 2019, the company expects net sales to be ¥13,800 million, operating income to be ¥700 million, ordinary income to be ¥600 million, net income attributable to owners of the parent to be ¥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. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Provides Earnings Guidance for the Full Year Ending March 31, 2019