BIT-ISLE INC. Document and entity information
Company information
Company information
FASF member mark true
Document name
Jul 2014
Filing date 2014-09-09
Company name Bit-isle Inc. Stock exchange listings
Tokyo true
Tokyo 1st section true
Tokyo 2nd section - Tokyo Mothers - Tokyo JASDAQ - Tokyo PRO Market - Tokyo Others - Nagoya - Nagoya 1st section - Nagoya 2nd section - Nagoya Centrex - Nagoya Others - Sapporo - Sapporo - Sapporo Ambitious - Sapporo Others - Fukuoka - Fukuoka - Fukuoka Q-Board - Fukuoka Others - Green Sheet - Japan Securities Dealers Association -
Securities code 38110
URL http://www.bit-isle.co. jp/
Business category
General Business true
Specific Business - Fiscal Year End 2014-07-31
Representative
Title
Name
Inquiries Title Name
Tel 03-5782-8721
Other
Date of general shareholders' meeting (as planned) 2014-10-27
Dividend payable date (as planned) 2014-10-28
Annual securities report filing date (as planned) 2014-10-28
Supplemental material of annual results true
Way of getting - Convening briefing of annual results true
Target audience
Note to fraction processing method
Business Results-Operating results
Operating results
Operating results
Consolidated operating results
Consolidated income statements information
Net sales
(in millions of yens)
Jul 2014 Jul 2013
Net sales 17,601 16,663
% change 5.6 13.0
Operating income
Operating income 2,705 3,068
% change -11.8 11.7
Ordinary income
Ordinary income 2,431 2,745
% change -11.5 11.0
Net income
Net income 1,383 1,703
% change -18.8 27.4
Note to consolidated income statements information
Comprehensive income
Comprehensive income 1,185 2,010
Change in comprehensive income -41.1 32.6
Other consolidated operating results
Net income per share (Yen) 39.15 51.13
Diluted net income per share (Yen) 38.39 49.70
Net income to shareholders' equity ratio (%) 11.5 17.1
Ordinary income to total assets ratio (%) 6.7 8.8
Operating income to net sales ratio (%) 15.4 18.4
Note to consolidated operating results
Investment profit (loss) on equity method - - Note to operating results -
Business Results-Financial positions
Financial positions
Financial positions
Consolidated financial positions
(in millions of yens)
Jul 2014 Jul 2013
Total assets 37,735 34,528
Net assets 12,599 12,129
Capital adequacy ratio (%) 32.2 34.2
Net assets per share (Yen) 346.42 333.20
Note to consolidated financial positions
Owner's equity 12,143 11,823
Note to financial positions -
Business Results-Cash flows
Cash flows
Cash flows
Consolidated cash flows
(in millions of yens)
Jul 2014 Jul 2013
Cash flows from operating activities | 3,964 | 4,873 |
Cash flows from investing activities | -4,402 | -4,697 |
Cash flows from financing activities | 1,132 | 2,998 |
Cash and equivalents, end of period 6,913 6,220
Note to consolidated cash flows
Note to cash flows -
Business Results-Note to business results
Note to business results
Note to business results
Note to consolidated financial results
Jul 2014
Note to consolidated financial results -
Dividends
Dividends
Dividends
Dividends
Dividend per share (Yen) Dividend per share (Yen)
First quarter
(in millions of yens)
Jul 2015 Jul 2014 Jul 2013
Result - - Forecast -
Upper - Lower -
Second quarter
Result 6.00 5.00
Forecast 6.00
Upper - Lower -
Third quarter
Result - - Forecast -
Upper - Lower -
Year end
Result 7.00 10.00
Forecast 7.00
Upper - Lower -
Annual
Result 13.00 15.00
Forecast 13.00
Upper - Lower -
Total dividend paid
Total dividend paid
Annual
Result 463 520
Payout ratio (consolidated) Payout ratio (%)
Annual
Result 33.2 29.3
Forecast 31.6
Ratio of total amount of dividends to net assets (consolidated) Ratio of total amount of dividends to net assets (%)
Annual
Result 3.8 5.2
Note to dividends
Note to dividends
Annual
25
4 00
Forecasts
Forecasts
Forecasts
Title for forecasts
Preamble to consolidated forecasts
(in millions of yens)
Jul 2015 Jan 2015
3. 27 7
2
6 8 1 27
7 31
Preamble to forecasts - Main table of consolidated forecasts
Net sales
Net sales
Forecast 23,700 8,700
Upper - - Lower - -
% change
Forecast 34.6 -1.4
Upper - - Lower - -
Operating income
Operating income
Forecast 2,600 1,000
Upper - - Lower - -
% change
Forecast -3.9 -33.4
Upper - - Lower - -
Ordinary income
Ordinary income
Forecast 2,350 860
Upper - - Lower - -
% change
Forecast -3.3 -37.1
Upper - - Lower - -
Net income
Net income
Forecast 1,440 500
Upper - - Lower - -
% change
Forecast 4.1 -41.3
Upper - - Lower - -
Net income per share (Yen)
Net income per share (Yen)
Forecast 41.08 14.26
Upper - - Lower - -
Note to consolidated forecasts
Note to forecasts -
Notes-Material changes in subsidiaries during this period changes in scope of consolidations resulting from change in subsidiaries
Material changes in subsidiaries during this period (Changes in scope of consolidations resulting from change is subsidiaries)
Material changes in subsidiaries during this period (Changes in scope of consolidations resulting from change is subsidiaries)
Others
Material changes in subsidiaries during this period (Changes in scope of consolidations resulting from change is subsidiaries)
Material changes in subsidiaries during this period (Changes in
Jul 2014
scope of consolidations resulting from change is subsidiaries) - Number of subsidiaries newly consolidated -
Name of subsidiaries newly consolidated - Number of subsidiaries excluded from consolidation - Name of subsidiaries excluded from consolidation -
Note to material changes in subsidiaries during this period
Note to material changes in subsidiaries during this period -
Notes-Changes in accounting policies and accounting estimates retrospective restatement
Changes in accounting policies and accounting estimates, retrospective restatement
Changes in accounting policies and accounting estimates, retrospective restatement
Others
Changes in accounting policies and accounting estimates, retrospective restatement
Changes in accounting policies based on revisions of accounting
Jul 2014
standard - Changes in accounting policies other than ones based on
revisions of accounting standard -
Changes in accounting estimates - Retrospective restatement -
Note to changes in accounting policies and accounting estimates, retrospective restatement
Note to changes in accounting policies and accounting estimates,
retrospective restatement -
Notes-Number of issued and outstanding shares common stock
Number of issued and outstanding shares (common stock) Number of issued and outstanding shares (common stock)
Others
Number of issued and outstanding shares (common stock)
Number of issued and outstanding shares at the end of fiscal year
Jul 2014 Jul 2013
(including treasury stock) 35,654,000 35,483,200
Number of treasury stock at the end of fiscal year 600,000 -
Average number of shares 35,330,012 33,316,288
Note to number of issued and outstanding shares (common stock)
Note to number of issued and outstanding shares (common stock) -
Business Results-Overview of nonconsolidated operating results
(in millions of yens)
Non-consolidated operating results
Non-consolidated operating results
Non-consolidated operating results
Non-consolidated income statements information
Net sales
Jul 2014 Jul 2013
Net sales 15,492 15,152
% change 2.2 11.6
Operating income
Operating income 2,513 2,889
% change -13.0 6.0
Ordinary income
Ordinary income 2,276 2,588
% change -12.0 5.1
Net income
Net income 1,351 1,594
% change -15.3 18.4
Other non-consolidated operating results
Net income per share (Yen) 38.24 47.87
Diluted net income per share (Yen) 37.50 46.52
Note to non-consolidated operating results
Note to operating results -
Business Results-Overview of nonconsolidated financial positions
Non-consolidated financial positions
Non-consolidated financial positions
Non-consolidated financial positions
(in millions of yens)
Jul 2014 Jul 2013
Total assets 37,305 34,325
Net assets 12,484 12,084
Capital adequacy ratio (%) 32.4 34.4
Net assets per share (Yen) 344.67 332.38
Note to non-consolidated financial positions
Owner's equity 12,082 11,794
Note to financial positions -
Business Results-Note to overview of nonconsolidated business results
Note to non-consolidated financial results
Note to non-consolidated financial results
Note to non-consolidated financial results
Jul 2014
Note to financial results -
This information is a summary of the earnings report. It does not contain all details included in the earnings report disclosed in Japanese.
Translation, SummaryThis material is translation and summary form Japanese version announcing on same date. If there is difference between this material and Japanese version, please refer to Japanese versions.
Qualitative Information on Consolidated Results(1) Qualitative information on consolidated results
Operating results
IT outsourcing services market in Japan, which was worth 2,968.4 billion yen in 2012, is expected to grow to 3,292.5 billion yen in 2017 (Yano Research Institute Ltd.). Notwithstanding the increasingly uncertain economic outlook, because IT outsourcing services help users reduce costs, the market should maintain solid growth, particularly for companies that are able to provide services that strengthen the business foundations of their customers while cutting costs with services that meet diversified user needs. And many companies have started to view internet assets as something to "use", instead of something to "own". This paradigm shift is one of the elements that are driving the growth of the Bit-isle Group's business.
The data center market, which is closely correlated to the iDC service, the core service of the Bit -isle Group, is also
expected to grow from 992.6 billion yen in 2013 to 1,283.1 billion yen in 2017, driven by higher demand for new services such as cloud computing and SaaS. Even after that, the market is forecast to continue to grow by around 7% (International Data Corporation Japan).
In this environment, thanks to the steady performance of the iDC service, managed services and solutions services, the Group recorded net sales of 17,601 million yen (an increase of 5.6% year on year), but due to gain electric power price rate, operating income of 2,705 million yen (a decrease of 11.8% year on year), ordinary income of 2,431 million yen (a decrease of 11.5% year on year), and net income of 1,383 million yen (a decrease of 18.8% year on year) for currently period under review.
iDC servicesIn iDC services, as a result of continuing to develop and strengthen the sales system based on data centers equipped with
sufficient power receiving capability and extensible space able to respond to the solid market conditions, but the number of racks in operation decreased to 4,282 racks(a decrease of 5.5% year on year) at current fiscal year under review. Net sales decreased slightly too by this.
Consequently, net sales in the iDC service reached 10,608 million yen(a decrease of 1.2% year on year).
Managed servicesIn managed services, both sales and profits increased, reflecting our efforts to bolster cloud services. As a result, net sales
came to 4,517 million yen (an increase of 4.4% year on year) in managed services.
Solutions servicesIn solutions services, because the consistently solid performance of system integration and engineering services for users
outside the Group at Bit-surf Inc., a wholly owned subsidiary, net sales in solutions services is 2,229 million yen(an increase of 45.1% year on year).
(2) Outlook for the fiscal year ending July 31, 2015
As a result, we forecast net sales of 23,700 million yen (an increase of 34.6% year on year), operating income of 2,600 million yen (a decrease of 3.9% year on year), ordinary income of 2,350 million yen (a decrease of 3.3% year on year), and net income of 1,440 million yen (an increase of 4.1% year on year) on a consolidated basis for the next fiscal year.
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