Fields Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017
July 28, 2016
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Fields Corporation reported consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company's net sales were ¥15,295 million against ¥17,140 million a year ago. Operating loss was ¥2,997 million against ¥1,005 million a year ago. Ordinary loss was ¥3,241 million against ¥864 million a year ago. Loss before income taxes and non-controlling interests was ¥3,622 million against ¥874 million a year ago. Net loss attributable to owners of parent was ¥2,340 million against ¥867 million a year ago. Net income was ¥2,340 million against ¥867 million a year ago. Net cash flow used in operating activities was ¥4,808 million against ¥5,334 million a year ago. Purchases of tangible fixed assets were ¥149 million against ¥296 million a year ago. Purchases of intangible fixed assets were ¥29 million against ¥376 million a year ago. Net loss per share was ¥26.15 against ¥70.53 a year ago.
The company provided earnings guidance for the year ending March 31, 2017. For the year, the company expects consolidated net sales to be ¥115,000 million, operating income to be ¥2,000 million, ordinary income to be ¥2,000 million, net income attributable to owners of parent to be ¥1,000 million and net income per share to be ¥30.14.
Tsuburaya Fields Holdings Inc is a Japan-based company mainly engaged in the business related to game machines. The Company mainly plans, develops, manufactures, and maintains gaming machines, and plans and develops software for gaming machines. The Company is also engaged in the management and operation of fitness clubs, the leasing, management, trading and asset management of real estate, the planning and production of computer graphics, movies and television programs, as well as the planning, production and sales of character products.
Fields Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017