Faith, Inc. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Consolidated Earnings Guidance for the Six Months and Year Ending March 31, 2020
May 14, 2019 at 03:00 am EDT
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Faith, Inc. reported consolidated and non-consolidated earnings results for the year ended March 31, 2019. For the period, on consolidated basis, the company reported net sales of ¥20,965 million compared to ¥21,210 million a year ago. Operating profit was ¥144 million compared to ¥1,130 million a year ago. Ordinary loss was ¥586 million compared to profit of ¥1,029 million a year ago. Loss attributable to owners of the parent was ¥309 million compared to profit of ¥504 million a year ago. Basic loss per share were ¥23.15 compared to earnings per share of ¥40.48 a year ago.
For the period, on non-consolidated basis, the company reported net sales of ¥2,192 million compared to ¥2,338 million a year ago. Operating loss was ¥239 million compared to ¥97 million a year ago. Ordinary profit was ¥504 million compared to loss of ¥111 million a year ago. Profit was ¥328 million compared to loss of ¥568 million a year ago. Basic earnings per share were ¥24.57 compared to loss per share of ¥45.59 a year ago.
The company provided consolidated earnings guidance for the six months and year ending March 31, 2019. For the six months ending September 2019, the company expects net sales of ¥10,100 million, operating profit of ¥100 million and ordinary profit of ¥20 million.
For the year ending March 31, 2020, the company expects net sales of ¥20,000 million, operating profit of ¥300 million, ordinary profit of ¥300 million, profit attributable to owners of parent of ¥200 million or ¥15.08 per basic share.
Faith,Inc. is a company mainly engaged in the contents business. The Company operates in three business segments. The Contents segment is engaged in the production of contents, the development and provision of delivery platform technology, the installment and operation of network systems, as well as the provision of contents delivery service to users. The Point segment is involved in the provision of point services. The Columbia segment is engaged in the planning, production and sale of sound source and videos, as well as the music copyright acquisition and management business. As of March 31, 2014, the Company had 16 subsidiaries and six associated companies.
Faith, Inc. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Consolidated Earnings Guidance for the Six Months and Year Ending March 31, 2020
FAITH, INC. 
