SIOS Technology, Inc. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Year Ending December 31, 2017
February 02, 2017 at 08:30 pm IST
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SIOS Technology, Inc. reported consolidated and non-consolidated earnings results for the fiscal year ended December 31, 2016. For the year, on consolidated basis, net sales were JPY 12,080 million against JPY 9,362 million for the same period prior year. Operating profit was JPY 474 million against operating loss of JPY 111 million for the same period prior year. Ordinary income was JPY 389 million against ordinary loss of JPY 137 million for the same period prior year. Net income was JPY 254 million or JPY 29.52 per diluted share against net loss of JPY 186 million or JPY 21.67 per basic share for the same period prior year. Return on equity was 17.0% against negative return on equity of 12.5% a year ago. Cash flow from operating activities was JPY 311 million against JPY 168 million for the same period prior year.
For the year, on non-consolidated basis, net sales were JPY 7,950 million against JPY 6,990 million for the same period prior year. Operating income was JPY 235 million against operating loss of JPY 63 million for the same period prior year. Ordinary income was JPY 288 million against ordinary loss of JPY 52 million for the same period prior year. Net loss was JPY 7 million or JPY 0.83 per basic share against JPY 109 million or JPY 12.73 per basic share for the same period prior year.
For the year ending December 31, 2016, the company expects net sales of JPY 12,600 million, operating income of JPY 500 million, ordinary income of JPY 480 million, profit attributable to owners of parent of JPY 320 million, and net income per share of JPY 37.15.
SIOS Corp is engaged in the development, infrastructure construction, operation support, and other businesses of information technology (IT) systems based on open source software (OSS), adding applications, operating systems and cloud computing, as well as research and development in new areas to create and provide new value. The Company operates its business through two segments. The Open System Infrastructure segment sells OSS-related products, including LifeKeeper, software that can avoid system downtime in the event of an IT system failure, and Red Hat, Inc. related products, as well as the SIOS OSS Yorozu Sodan Shitsu service that handles various inquiries related to OSS and consulting services for various information systems. The Application segment includes software products for multi-functional peripherals, management support systems for financial institutions, the Gluegent series of software as a service for cloud services, among others.
SIOS Technology, Inc. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Year Ending December 31, 2017