Nippon Information Development Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Second Quarter and Year Ending March 31, 2018
August 04, 2017
Share
Nippon Information Development Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of JPY 4,033 million compared to JPY 3,960 million a year ago. Operating income was JPY 322 million compared to JPY 327 million a year ago. Ordinary income was JPY 354 million compared to JPY 350 million a year ago. Profit attributable to owners of parent was JPY 238 million or JPY 63.13 per share compared to JPY 229 million or JPY 60.55 per share a year ago. Profit before income taxes was JPY 354.821 million compared to JPY 342.689 million a year ago.
For the second quarter, the company expects consolidated net sales of JPY 8,400 million, operating income of JPY 650 million, ordinary income of JPY 700 million and profit attributable to owners of parent of JPY 490 million or JPY 129.45 per share.
For the year ending March 31, 2018, the company expects consolidated net sales of JPY 18,000 million, operating income of JPY 1,620 million, ordinary income of JPY 1,720 million and profit attributable to owners of parent of JPY 1,190 million or JPY 314.37 per share.
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.
Nippon Information Development Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Second Quarter and Year Ending March 31, 2018