FRONTEO, Inc. reported unaudited consolidated and non-consolidated earnings results for the year ended March 31, 2017. For the year, on consolidated basis, the company net sales of JPY 11,207 million against JPY 10,553 million a year ago. Operating loss was JPY 1,206 million against operating income of JPY 71 million a year ago. Ordinary loss was JPY 1,254 million against ordinary income of JPY 25 million a year ago. Loss before income taxes was JPY 1,370.867 million against JPY 6.690 million a year ago. Net loss attributable to owners of the parent was JPY 948 million against JPY 194 million a year ago. Basic net loss per share was JPY 26.07 compared to JPY 5.47 per share for the same period a year ago. Negative return on equity was 20.7% compared to 4.2% for the same period a year ago. Cash flow used in operating activities was JPY 239 million against cash flow from operating activities of JPY 616 million a year ago.

For the year, on non-consolidated basis, the company reported net sales of JPY 4,415 million against JPY 4,560 million a year ago. Ordinary income was JPY 52 million against JPY 189 million a year ago. Operating income was JPY 97 million against JPY 317 million a year ago. Net income was JPY 2 million or JPY 0.08 per basic and diluted share against JPY 74 million or JPY 2.06 per diluted share a year ago. Purchase of property, plant, and equipment was JPY 328.435 million compared to JPY 673.724 million for the same period a year ago.

For the fiscal year ending March 31, 2018, on consolidated basis, the company expects sales to be approximately JPY 14,000 million, operating income to be JPY 200 million, ordinary income to be JPY 190 million, and net income attributable to owners of the parent to be JPY 90 million or net income per share of JPY 2.37.