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Net sales up 12% YoY in Q1 2018 for Gakujo

Tokyo-based Gakujo Co. Ltd has released its financial results for the first quarter of the fiscal year ending October 2018.

President and representative director, Kiyokazu Nagai, reported that net sales for the period were ¥680m, up just over 12% on last year. However, the company recorded losses of ¥91m. Nagai-san is forecasting full year net sales of ¥6,200m and net income of ¥1,240m.

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