FRONTEO, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter Ended March 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
May 15, 2017 at 08:00 am EDT
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FRONTEO, Inc. reported unaudited consolidated earnings results for the fourth quarter ended March 31, 2017. Net sales for the fourth quarter 2017 came in at JPY 3,245 million as compared to JPY 2,953 million in the prior year period. Operating loss for the fourth quarter 2017 was JPY 103 million as compared to an operating loss of JPY 63 million in the prior year period. Net income for the fourth quarter 2017 was JPY 159 million as compared to a net loss of JPY 92 million in the prior year period. Net loss per ordinary share - basic for the fourth quarter 2017 was JPY 21.21 as compared to a net loss per ordinary share basic of JPY 5.47 in the prior year period.
For the fiscal year ending March 31, 2018, the company expects its sales to be approximately JPY 14,000 million, representing a year-over-year growth of approximately 21.8%; operating income to be approximately JPY 200 million, ordinary income to be approximately JPY 190 million, and net income attributable to owners of the parent to be approximately JPY 90 million.
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 Unaudited Consolidated Earnings Results for the Fourth Quarter Ended March 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018