NID Co. Ltd. Announces Consolidated Financial Results for the Nine Months Ended December 31, 2016; Provides Earnings and Dividend Guidance for the Year Ending March 31, 2017
February 09, 2017
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NID Co. Ltd. announced consolidated financial results for the nine months ended December 31, 2016. For the period, the company reported net sales of ¥12,364.065 million against ¥12,297.904 million a year ago. Operating income was ¥1,209.907 million against ¥1,011.006 million a year ago. Ordinary income was ¥1,294.655 million against ¥1,148.154 million a year ago. Profit attributable to owners of parent was ¥867.739 million or ¥229.23 per share against ¥687.959 million or ¥181.73 per share a year ago. Profit before income taxes was ¥1,287.836 million against ¥1,096.761 million a year ago.
For the year ending March 31, 2017, the company expects net sales of ¥17,500 million, operating income of ¥1,575 million, ordinary income of ¥1,675 million and profit attributable to owners of parent of ¥1,150 million or ¥303.80 per share.
For the year ending March 31, 2017, the company expects to pay a dividend of ¥50 per share against ¥50 per share paid a year ago.
Nippon Information Development Co., Ltd. is a Japan-based company mainly engaged in the embedded solution business, information and communication technology (ICT) innovation business, financial system business, network solution business and other businesses. The Company operates in five business segments. The Embedded Solutions segment is engaged in the development and design of embedded software to customers. The ICT Innovation Business is engaged in the design and development of communication systems for customers. The Financial Systems segment provides financial business software to customers in the fields of life and non-life insurance, credit and securities, information and services. The Network Solution segment provides services such as system construction, infrastructure construction, security services, system maintenance and operation. The Others segment is involved in three businesses including data solutions business, product business and staffing business.
NID Co. Ltd. Announces Consolidated Financial Results for the Nine Months Ended December 31, 2016; Provides Earnings and Dividend Guidance for the Year Ending March 31, 2017