Zappallas, Inc. Announces Earnings Results for Third Quarter Ended Jan. 31, 2017; Provides Earnings Guidance for the Fourth Quarter of 2017
March 09, 2017 at 11:00 am EST
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Zappallas, Inc. announced earnings results for third quarter ended Jan. 31, 2017. For the quarter, the company reported net sales of ¥3,631 million, operating income of ¥162 million, ordinary income of ¥197 million, profit attributable to owners of parent of ¥132 million or ¥10.44 per share, compared to the net sales of ¥4,301 million, operating income of ¥196 million, ordinary income of ¥205 million, loss attributable to owners of parent of ¥520 million or ¥40.85 per share, for the same quarter a year ago.
For the fourth quarter of 2017, the company forecast net sales of ¥4,795 million, operating income of ¥242 million, ordinary income of ¥275 million, and net income of ¥182 million or ¥14.29 per share.
ZAPPALLAS, INC. is a Japan-based company mainly engaged in the provision of content services. The Company has two business segments. The Mobile Services segment is engaged in the planning, production, development and operation of divination and other digital content through mobile devices, the provision of telephone divination and divination related services, and other mobile-related services, as well as the operation of media sites. The Overseas segment is engaged in the operation of divination sites in the United States, as well as the sale of advertisings and content to users. The Company is also engaged in the application service provider (ASP) business for corporates, the planning of virtual reality (VR) content, the operation of online shopping sites, as well as the travel business.
ZAPPALLAS, INC. 
