SourceNext Corporation Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
November 09, 2017
Share
SourceNext Corporation reported consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported net sales of ¥3,920 million against ¥4,221 million a year ago. Operating income was ¥438 million against ¥865 million a year ago. Ordinary income was ¥444 million against ¥879 million a year ago. Profit before income taxes was ¥439.068 million against ¥866.229 million a year ago. Profit attributable to owners of parent was ¥327 million or ¥10.58 per share against ¥595 million or ¥18.92 per share a year ago. Net cash used in operating activities was ¥297.062 million compared to net cash provided by operating activities of ¥226.725 million a year ago. Purchase of property, plant and equipment was ¥1.421 million compared to ¥7.053 million a year ago. Purchase of software was ¥210.095 million compared to ¥366.929 million a year ago.
For the year ending March 31, 2018, the company expects net sales of ¥9,444 million, operating income of ¥1,717 million, ordinary income of ¥1,720 million and net income attributable to parent company's shareholders of ¥1,195 million or ¥38.63 per share.
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 Six Months Ended September 30, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018