Creo Co.,Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2017 and Year Ending March 31, 2018
July 31, 2017
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Creo Co.,Ltd. reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 2,577 million, operating loss of JPY 115 million, ordinary loss of JPY 111 million and loss attributable to owners of the parent of JPY 127 million or JPY 15.34 per share as compared to net sales of JPY 2,420 million, operating loss of JPY 118 million, ordinary loss of JPY 101 million and loss attributable to owners of the parent of JPY 114 million or JPY 13.23 per share for the same period a year ago. Loss before income taxes was JPY 113 million compared to JPY 101 million a year ago.
The company provided consolidated earnings guidance for the six months ending September 30, 2017 and year ending March 31, 2018. For the six months ending September 30, 2017, the company expects net sales of JPY 5,660 million, operating profit of JPY 10 million, ordinary profit of JPY 20 million and loss attributable to owners of the parent of JPY 20 million.
For the year ending March 31, 2018, the company expects net sales of JPY 12,500 million, operating profit of JPY 400 million, ordinary profit of JPY 410 million and profit attributable to owners of the parent of JPY 280 million.
CREO CO., LTD. is a Japan-based company primarily engaged in information technology (IT) business. The Company operates in five business segments. The Solution Service segment provides solution services such as the personnel payroll and accounting solution ZeeM. The Contract Development segment provides system contract development services. The West Japan segment provides sale and contract development services for its products and services to customers west of Nagoya. The System Operation and Service segment mainly provides system development, maintenance and operation services to major domestic portal site operators. The Support Service segment provides support and services centered on help desks and technical support, as well as call center services such as social research and market research.
Creo Co.,Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2017 and Year Ending March 31, 2018