Quest Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Cash Dividend Guidance for the Year End of Fiscal 2016; Provides Earnings Guidance for the Year Ending March 31, 2017
May 11, 2016
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Quest Co., Ltd. reported consolidated earnings results for the year ended March 31, 2016. For the year, the company's net sales were JPY 8,134,763,000 compared to JPY 7,389,848,000 a year ago. Operating income was JPY 351,082,000 compared to JPY 306,665,000 a year ago. Ordinary income was JPY 376,064,000 compared to JPY 324,345,000 a year ago. Profit before income taxes was JPY 376,064,000 compared to JPY 324,345,000 a year ago. Profit attributable to owners of parent was JPY 238,059,000 compared to JPY 196,156,000 a year ago. Net cash provided by operating activities was JPY 229,828,000 compared to JPY 378,583,000 a year ago. Purchase of property, plant and equipment was JPY 14,140,000 compared to JPY 9,032,000 a year ago. Purchase of intangible assets was JPY 15,023,000 compared to JPY 12,512,000 a year ago. Return on equity was 6.2% compared to 5.2% a year ago. Return on assets was 7.5% compared to 6.6% a year ago.
The company provided cash dividend guidance for the year end of fiscal 2016. For the year end, the company expects to pay JPY 30 per share compared to JPY 35 per share paid a year ago. Scheduled date to commence dividend payments is on June 22, 2016.
The company provided earnings guidance for the year ending March 31, 2017. For the year, the company expects net sales of JPY 8,400 million, operating income of JPY 370 million, ordinary income of JPY 385 million and profit attributable owners of parent of JPY 250 million or JPY 48.37 per share.
Quest Co., Ltd. is a company mainly engaged in the information services business. The Company operates in two business segments. The System Development segment is involved in the provision of software development services, including the consulting, design, development and maintenance of systems for customers in a wide range of industries, including manufacturing, finance and telecommunication. The Infrastructure Service segment is engaged in the provision of support services for infrastructure operation, including infrastructure building, technological services, system operations, supervision, helpdesk and field support. The others business is involved in data processing business and purchase and sale of products.
Quest Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Cash Dividend Guidance for the Year End of Fiscal 2016; Provides Earnings Guidance for the Year Ending March 31, 2017