I'rom Group Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
August 08, 2017
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I'rom Group Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 1,687 million compared to JPY 937 million a year ago. Operating income was JPY 301 million compared to operating loss of JPY 142 million a year ago. Ordinary income was JPY 329 million compared to ordinary loss of JPY 172 million a year ago. Net income attributable to owners of parent was of JPY 1,234 million or JPY 108.14 per diluted share compared to net loss attributable to owners of parent of JPY 168 million or JPY 15.88 per diluted share a year ago.
The company provided consolidated earnings guidance for the fiscal year ending March 31, 2018. For the year, on consolidated basis, the company expects net sales of JPY 9,500 million, operating income of JPY 800 million, ordinary income was JPY 800 million and net income attributable to owners of parent was of JPY 1,300 million of JPY 113.92 per share.
I'rom Group Co.,Ltd. is engaged in medical fields such as regenerative medicine and gene discovery. The Company operates through four business segments. The SMO segment provides support services for contracting or substituting a part of the work related to conducting clinical trials from the conducting medical institution. The CRO segment provides all or part of clinical trial operations from pharmaceutical companies and others. The Advanced Medicinal Treatment segment is engaged in the development of gene therapy products, the development, manufacture and sale of products in the field of regenerative medicine based on iPS cells related technologies, as well as the provision of contract manufacture services. The Medical Support segment provides general and comprehensive support for medical business management, such as setting up and renting clinic malls, selling products and related services. The Company also provides business utilizing IT infrastructure.
I'rom Group Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018