FRONTEO, Inc. reported consolidated and nonconsolidated earnings results for the year ended March 31, 2018. For the year, on consolidated basis the company reported net sales of JPY 12,332 million as compared to JPY 11,207 million in the prior year period. Operating income was JPY 231 million as compared to an operating loss of JPY 1,206 million in the prior year period. Ordinary income was JPY 37 million as compared to loss of JPY 1,254 million in the prior year period. Net loss attributable to owners of the parent was JPY 725 million as compared to JPY 948 million in the prior year period. Net loss per ordinary share - basic was JPY 19.08 as compared to JPY 26.07 in the prior year period. Negative return on equity was 16.3% compared to 20.7% a year ago. Net cash provided by operating activities was JPY 1,417,188,000 as compared to net cash used in operating activities JPY 198,064,000 in the prior year period. Purchase of property, plant, and equipment was JPY 341,051,000 as compared to JPY 328,435,000 in the prior year period. Purchase of intangible assets was JPY 353,288,000 as compared to JPY 501,887,000 in the prior year period. Loss before income taxes was JPY 811,194,000 as compared to JPY 1,370,867,000 in the prior year period.

For the year, on nonconsolidated basis the company reported net sales of JPY 4,667 million as compared to JPY 4,415 million in the prior year period. Operating income was JPY 634 million as compared to JPY 97 million in the prior year period. Ordinary income was JPY 574 million as compared to JPY 52 million in the prior year period. Net income was JPY 229 million as compared to JPY 2 million in the prior year period. Net income per ordinary share - diluted was JPY 5.80 as compared to JPY 0.08 in the prior year period.

For the fiscal year ending March 31, 2019, the company expects its sales to be JPY 13,800 million, operating income to be JPY 700 million, ordinary income to be JPY 600 million, and net income attributable to owners of the parent to be approximately JPY 300 million. Net income per share expected to be JPY 7.89.