Creo Co.,Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Earnings Guidance for the Six Month and Full Year Ending March 31, 2018
May 12, 2017
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Creo Co.,Ltd. reported consolidated earnings results for the year ended March 31, 2017. For the year, the company reported net sales of ¥11,559 million against ¥10,305 million a year ago. Operating income was ¥296 million against ¥348 million a year ago. Ordinary income was ¥333 million against ¥368 million a year ago. Profit before income taxes was ¥371 million against ¥542 million a year ago. Profit attributable to owners of parent was ¥267 million or ¥31.11 per share against ¥413 million or ¥47.79 per share a year ago. Net assets per share as of March 31, 2017 ¥611.12 against ¥591.66 as of March 31, 2016. Cash flows from operating activities were ¥502 million against ¥499 million a year ago. Purchase of property, plant and equipment was ¥189 million against ¥14 million a year ago. Purchase of intangible assets was ¥295 million against ¥303 million a year ago.
For the six month ending September 30, 2017, the company expects consolidated net sales of ¥5,660 million, operating profit of ¥10 million, ordinary profit of ¥20 million and loss attributable to owners of parent of ¥20 million.
For the full year ending March 31, 2018, the company expects consolidated net sales of ¥12,500 million, operating profit of ¥400 million, ordinary profit of ¥410 million and profit attributable to owners of parent of ¥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 Year Ended March 31, 2017; Provides Earnings Guidance for the Six Month and Full Year Ending March 31, 2018