Laox CO., LTD. Reports Consolidated Earnings Results for the Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Full Year Ending December 31, 2018
November 13, 2018
Share
Laox CO., LTD. reported consolidated earnings results for the nine months ended September 30, 2018. For the period, net sales were JPY 80,350 million against JPY 47,154 million a year ago. Operating loss was JPY 1,381 million against JPY 333 million a year ago. Ordinary loss was JPY 997 million against JPY 619 million a year ago. Loss attributable to owners of parent was JPY 323 million or JPY 5.02 per share against JPY 783 million or JPY 12.16 per share a year ago.
For the year ending December 31, 2018, the company expects net sales of JPY 120,000 million, operating loss of JPY 300 million and ordinary loss of JPY 300 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 Nine Months Ended September 30, 2018; Provides Earnings Guidance for the Full Year Ending December 31, 2018
LAOX HOLDINGS CO.,LTD. 
