SourceNext Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2017 and Year Ending March 31, 2018; Provides Dividend Guidance for the Year Ending March 31, 2018
August 09, 2017
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SourceNext Corporation reported consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported net sales of ¥1,578 million against ¥1,988 million a year ago. Operating profit was ¥62 million against ¥485 million a year ago. Ordinary income was ¥65 million against ¥497 million a year ago. Profit attributable to owners of parents was ¥86 million against ¥338 million a year ago. Earnings per share was ¥2.78 against ¥10.65 per share a year ago. Profit before income taxes was ¥63,425,000 compared to ¥487,766,000 a year ago.
For the six months ending September 30, 2017 the company expects net sales of ¥3,819 million, operating income of ¥358 million, ordinary profit of ¥360 million and net income attributable to parent company's shareholders of ¥255 million or ¥8.25 per share.
For the year ending March 31, 2018, the company expects net sales of ¥9,444 million, operating income of ¥1,717 million, ordinary profit of ¥1,720 million and net income attributable to parent company's shareholders of ¥1,195 million or ¥38.63 per share.
For the year ending March 31, 2018 the company expects dividend of ¥5.79 per share compared to ¥6.19 per share paid a year ago.
SOURCENEXT CORPORATION is a Japan-based company principally engaged in the planning, development and sale of software and hardware products. The Company provides products through smart phone operators, directly sells through their own online shops, as well as wholesales to home appliance discount stores and other electronic commerce (EC) websites. The Companyâs products comprise Virus Security ZERO, Super Security ZERO, HITSUO series, KYOSOKU series, IKINARI PDF series, TOKU-UCHI series and Android Selected Application series.
SourceNext Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Earnings Guidance for the Six Months Ending September 30, 2017 and Year Ending March 31, 2018; Provides Dividend Guidance for the Year Ending March 31, 2018