Laox Co., Ltd. Reports Consolidated Earnings Results for First Quarter Ended March 31, 2018; Provides Earnings Outlook for the Year Ending December 31, 2018
May 14, 2018
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Laox Co., Ltd. reported consolidated earnings results for first quarter ended March 31, 2018. For the period, the company's net sales were JPY 16,655 million against JPY 14,748 million a year ago. Operating loss was JPY 960 million against JPY 417 million a year ago. Ordinary loss was JPY 1,060 million against JPY 474 million a year ago. Loss attributable to owners of parent was JPY 977 million or JPY 15.17 per share against JPY 495 million or JPY 7.69 per share a year ago. Loss before income taxes was JPY 1,003,379,000 against JPY 484,068,000 a year ago.
For the year ending December 31, 2018, the company expects net sales of JPY 120,000 million, operating profit of JPY 1,000 million and ordinary profit of JPY 1,000 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 First Quarter Ended March 31, 2018; Provides Earnings Outlook for the Year Ending December 31, 2018
LAOX HOLDINGS CO.,LTD. 
