Needs Well : Financial Results for the Second Quarter of Fiscal Year 2021
May 12, 2021 at 06:36 pm IST
Share
Tokyo Stock Exchange 1st Section: Securities Code 3992
Needs Well Inc.
Financial Results
for the Second Quarter of Fiscal Year 2021
(October 1, 2020 - March 31, 2021)
May 12, 2021
1. 2021/9 2Q Financial report summary
2. 2021/9 Results forecast
3. Growth strategy
4. Reference
FY2021/9 2Q Financial Results
2
1.1) Financial highlights
Sales and profits both reached record high levels on a second quarter basis
since Needs Well's establishment in 1986
(Unit: million JPY) Net sales 2,850
(Unit: million JPY) Ordinary profit
(Unit: million JPY) Net profit
350
350
300
300
2,820
2,809
0
2,818
+0.3%
YoY
301
250
250
267
+12.7%
200
YoY
200
206
150
150
179
+14.7%
100
100
YoY
50
50
0
0
FY20/9 2Q FY21/9 2Q
FY20/9 2Q
FY21/9 2Q
FY20/9 2Q
FY21/9 2Q
FY2021/9 2Q Financial Results
3
1.2) Performance progression rate
Sales progression was on a level 1.8pts higher year on year
Profits have already achieved over 50% by 2Q
Progression
2Q performance
Despite the negative impact of the
spread of COVID-19,sales for
rate,
(FY21/9 target)
Net sales
telecommunications remained strong
48.6%,
+1.8pts
due to demand for revisions of price
plans for mobile phones.
Business Systems SI *
Aim to release logistics package in
47.3%
summer 2021.
Infrastructure Services *
Development continued at a stable pace
46.2%
due to coordination between Business
Systems SI and Solutions/Products, etc.,
Connected Systems *
55.8%
for total orders.
Development continued at a stable pace
Solutions/Products, etc. *
62.5%
despite the negative impact of the
spread of COVID-19 on orders for the
Operating profit
57.1%,
+8.4pts
manufacturing industry.
Expanded solution lineup.
Ordinary profit
56.1%,
+7.5pts
In particular, Needs Well's unique
solutions for the Concur series, Speed
EA and Invoice PA, remained strong.
Net profit
55.7%,
+8.3pts
Focus on IT re-engineeringfor
supporting corporate DX.
FY2021/9 2Q Financial Results
4
1.3) Ordinary profit analysis
Ordinary profit increased 12.7% year on year with the
contribution of increased gross profit due to improved productivity
■ Increase ■ Decrease Unit: million JPY
267
301
+12.7%
Gross profit increased with successful measures to improve productivity (transition to remote development, etc.)
Advertising expenses increased with focus on online sales
R&D investment and stock
YoY
Increase owing to temporary costs recorded due to special factors in FY20/9 (relocating head office, opening Nagasaki Development Center, etc.) not being required in FY21/9
issuance costs increased
FY20/9 2Q
FY21/9 2Q
Ordinary profit
Ordinary profit
FY2021/9 2Q Financial Results
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original document
Permalink
Disclaimer
Needs Well Inc. published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 13:05:01 UTC.
Needs Well Inc. is a Japan-based company mainly engaged in information development services and incidental services based on software development. The Company provides three services. Business system development service is involved in the system development related to the core business of customers, and system development in the fields of finance, communications, distribution, and services. Infrastructure construction is involved in the design, construction and introduction of hardware environments such as servers that serve as the foundation of information technology (IT) systems, as well as the setting of the communication device in a network environment. Embedded system development is involved in the development of applications that are embedded in medical devices, in-vehicle devices, among others. In addition, the Company also provides solution business. The business is involved in the provision of solution services based on customer business goals through solution products.
NEEDS WELL INC. 
