Media Kobo Inc. announced consolidated earnings results for the first quarter ended November 2015. For the quarter, the company reported net sales of ¥512 million against ¥590 million a year ago. Operating income was ¥22 million against ¥113 million a year ago. Ordinary income was ¥12 million against ¥109 million a year ago. Loss attributable to owners of parent was ¥12 million or ¥1.18 per diluted share against income of ¥56 million or ¥10.54 per diluted share a year ago.

The company provided consolidated earnings guidance for the year ending August 2016. For the period, the company expects net sales of ¥2,800 million, operating income of ¥400 million, ordinary income of ¥400 million and profit attributable to owners of parent of ¥230 million or ¥20.35 per share.