Laox CO., LTD. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Full Year Ending December 31, 2017
May 14, 2017
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Laox CO., LTD. reported consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company's net sales were JPY 14,748 million against JPY 18,676 million a year ago. Operating loss was JPY 417 million against operating profit of JPY 325 million a year ago. Ordinary loss was JPY 474 million against ordinary profit of JPY 340 million a year ago. Loss attributable to owners of parent was JPY 495 million or JPY 7.69 per share against JPY 424 million or JPY 6.47 per share a year ago.
For the full year ending December 31, 2017, on consolidated basis, the company expects net sales of JPY 81,000 million, operating income of JPY 2,000 million, ordinary profit of JPY 2,000 million.
Laox Holdings Co Ltd is a Japan-based company mainly engaged in domestic retail business, overseas business, lifestyle fashion business, and asset business. The Company operates through four segments. The Domestic Retail segment sells mainly food and cosmetics in domestic shops through real shops and online stores. The Overseas segment focuses on high-quality Japanese products and develops trade, global e-commerce (EC) and support for expansion into China through various channels and networks, whether direct-to-consumer (BtoC) or business-to-business (BtoB), real or online. The Lifestyle Fashion segment sells gift-related products through multiple sales channels. The Asset segment is engaged in the operation and management of commercial complexes, restaurants, and cultural events, and the sale and brokerage of real estate.
Laox CO., LTD. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Full Year Ending December 31, 2017
LAOX HOLDINGS CO.,LTD. 
