Laox Co., Ltd. Reports Consolidated Financial Results for the First Quarter Ended March 31, 2016; Provides Consolidated Financial Guidance for the Second Quarter of Fiscal Year Ending December 31, 2016
May 12, 2016
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Laox CO., LTD. reported consolidated financial results for the first quarter ended March 31, 2016. For the quarter, net sales were JPY 18,676,759,000 against JPY 18,213,157,000 a year ago. Operating income was JPY 325,229,000 against JPY 1,842,527,000 a year ago. Income before income taxes was JPY 73,636,000 against JPY 1,879,699,000 a year ago. Net income was JPY 424,228,000 against JPY 1,747,041,000 a year ago. Net income per share was JPY 3.18 against JPY 0.03 a year ago.
For the second quarter of fiscal year ending December 31, 2016, on consolidated basis, the company expects net sales of JPY 100,000 million, operating income of JPY 7,000 million, ordinary profit of JPY 7,000 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 Financial Results for the First Quarter Ended March 31, 2016; Provides Consolidated Financial Guidance for the Second Quarter of Fiscal Year Ending December 31, 2016
LAOX HOLDINGS CO.,LTD. 
