Media Kobo Inc. announced consolidated earnings results for the second quarter ended February 2016. For the quarter, the company reported net sales of ¥1,009 million against ¥1,209 million a year ago. Operating income was ¥41 million against ¥216 million a year ago. Ordinary income was ¥14 million against ¥190 million a year ago. Loss attributable to owners of parent was ¥22 million or ¥2.15 per basic share against income of ¥89 million or ¥8.38 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.