Tella, Inc. announced consolidated and non-consolidated earnings results for the fiscal year ended December 31, 2013. For the year, on consolidated basis, net sales were JPY 1,539 million against JPY 1,544 million a year ago. Operating income was JPY 23 million against JPY 221 million a year ago. Ordinary loss was JPY 24 million against ordinary income of JPY 220 million a year ago. Net loss was JPY 58 million against net income of JPY 99 million a year ago. Net loss per share was JPY 4.44 against net income per share of JPY 7.59 a year ago. Negative return on equity was 4.1% against positive ROE of 7.4% a year ago. Negative return on assets was 1.1% against positive ROA of 10.3% a year ago. Loss before income taxes and minority interests was JPY 23,225 million against income before income taxes and minority interests JPY 210,066 million a year ago. Net cash provided by operating activities was JPY 4,674 million against JPY 406,200 million a year ago. Purchase of property, plant and equipment was JPY 134,362 million against JPY 103,695 million a year ago. Purchase of intangible assets was JPY 41,321 million against JPY 43,884 million a year ago.

For the year, on non-consolidated basis, net sales were JPY 1,098 million against JPY 1,211 million a year ago. Operating loss was JPY 46 million against ordinary income of JPY 152 million a year ago. Ordinary loss was JPY 94 million against ordinary income of JPY 141 million a year ago. Net loss was JPY 77 million against net income of JPY 75 million a year ago. Net loss per share was JPY 5.93 against net income per share of JPY 5.78 a year ago. Loss before income taxes was JPY 93,705 million against JPY 130,746 million a year ago.

For the half year of fiscal 2014, Net sales is expected to be JPY 1,067 million, Operating loss is expected to be JPY 78 million, Ordinary loss is expected to be JPY 95 million, Net loss is expected to be JPY 97 million or JPY 7.38 per share

For the fiscal year ending December 31, 2014, Net sales is expected to be JPY 2,090 million, Operating loss is expected to be JPY 135 million, Ordinary income is expected to be JPY 156 million, Net income is expected to be JPY 154 million or JPY 11.68 per share.