Lihit Lab., Inc. Reports Consolidated and Company Earnings Results for the Year Ended February 28, 2015; Provides Earnings Guidance for the Second Quarter and Full Year Ending February 29, 2016
For the year, on company basis the company reported net sales of JPY 9,176,000,000 compared to JPY 8,981,000,000 reported a year ago. Operating profit was JPY 16,000,000 compared to JPY 2,000,000 reported a year ago. The ordinary profit was JPY 229,000,000 compared to JPY 359,000,000 a year ago. Current net income was JPY 125,000,000 or JPY 7.37 per share compared to JPY 198,000,000 or JPY 11.50 per share reported a year ago.
For the second quarter of year ending February 29, 2016, the company expects net sales of JPY 4,950,000,000, operating profit of JPY 120,000,000, the ordinary profit of JPY 130,000,000, net income of JPY 80,000,000 or JPY 4.71 per share.
For the year ending February 29, 2016, the company expects net sales of JPY 9,400,000,000, operating profit of JPY 140,000,000, the ordinary profit of JPY 160,000,000, net income of JPY 100,000,000 or JPY 5.69 per share.