Rakus Co., Ltd. Revises Consolidated Earning Guidance for the Fiscal Year Ended March 31, 2021
July 14, 2020 at 12:00 pm IST
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Rakus Co., Ltd. revised consolidated earning guidance for the fiscal year ended March 31, 2021. For the year, the company expects to report sales of JPY 14,670 million, operating profit of JPY 3,290 million, ordinary profit of JPY 3,300 million, profit attributable to owners of parent of JPY 2,340 million and earnings per share of JPY 25.83. Reasons for the revision: When the `Financial Report for the Fiscal Year March 2020 [Japanese Accounting Standards] (Consolidated)' was announced on May 14, 2020, the Company could not come up with reasonable business guidance because economic activities were restricted by Covid-19 under the state of emergency. However, since the emergency declaration was lifted, economic activities are gradually being resumed. Under those circumstances, the Company decided to revise the guidance based on the current business situation.
RAKUS Co.,Ltd. is a Japan-based company principally engaged in the provision of cloud services for small and medium business. The Company operates in two business segments. Cloud segment is engaged in the development and sale of transportation and travel expense system, mail sharing and unified management system, mail delivery system, Web database and Web form issuing system, among others. IT Talent segment mainly provides employee dispatching services specializing in IT engineer, providing services includes Java system development, infrastructure construction and operation and others.