Laox Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended June 30, 2017; Provides Consolidated Financial Guidance for the Fiscal Year Ending December 31, 2017
August 13, 2017
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Laox CO., LTD. reported consolidated earnings results for the six months ended June 30, 2017. For the period, net sales were JPY 28,153 million against JPY 35,062 million a year ago. Operating loss was JPY 1,501 million against profit of JPY 454 million a year ago. Ordinary loss was JPY 1,045 million against profit of JPY 417 million a year ago. Net loss income attributable to owners of parent was JPY 1,157 million or JPY 17.27 per share against JPY 464 million or JPY 7.13 per share a year ago.
The company revised consolidated earnings guidance for the year ending December 31, 2017. The company expects net sales of JPY 63,500 million, operating profit of JPY 100 million and ordinary profit of JPY 150 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 Six Months Ended June 30, 2017; Provides Consolidated Financial Guidance for the Fiscal Year Ending December 31, 2017
LAOX HOLDINGS CO.,LTD. 
