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.