Implementing measures for governance and corporate culture reform as planned
Financial results
Business remained strong. Bookings and order backlog reached a record high in Q1-3.
On the other hand, revenue and profits decreased due to the prolonged delivery time for products caused by the shortage of semiconductors, although product inventory measures from Q3.
Full-year forecast
Measures to prevent recurrence
Focus on productivity improvement while implementing each measure as planned
Financial forecast
We have a record order backlog but still assessing the impact of the longer delivery times.
(JPYmn)
Changes in order backlog
140,000
120,000
100,000
80,000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
FY19FY20FY21
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1 FY21 Q1-3(Apr-Dec 9months) Results
® Net One Systems Co., Ltd. All rights reserved.
3
Results summary FY21 Q1-3(Apr-Dec 9months)
(JPYmn, % to revenue)
FY20
FY21
YoY
Q1-3 Results
Q1-3 Results
Amount
%
Bookings
144,518
163,735
+19,216
+13.3%
Revenue
131,147
100.0%
122,007
100.0%
(9,139)
-7.0%
Cost of revenue
94,672
72.2%
87,810
72.0%
(6,862)
-7.2%
Gross profit
36,474
27.8%
34,196
28.0%
(2,277)
-6.2%
SG&A
24,655
18.8%
25,935
21.3%
+1,280
+5.2%
Operating Income
11,819
9.0%
8,261
6.8%
(3,558)
-30.1%
Ordinary Income
10,451
8.0%
8,436
6.9%
(2,015)
-19.3%
Net Income attributable to owners of
7,261
5.5%
5,227
4.3%
(2,033)
-28.0%
the parent company
Backlog
106,888
137,565
+30,676
+28.7%
Bookings were strong, mainly in the telecom carrier, public, and partner sectors, and reached a record high in the first three quarters. Order backlog also reached a record high at the end of the third quarter.
On the other hand, revenue and profits decreased due to delays in the revenue timing of several projects due to the prolonged delivery times for products caused by semiconductor shortages.
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Net One Systems Co. Ltd. published this content on 02 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2022 06:18:26 UTC.
Net One Systems Co.,Ltd. is a Japan-based company engaged in the system construction of information and communications technology (ICT) and related services. The Company operates in four segments. The ENT segment offers products and services to general private companies. The SP segment offers products and services to telecommunication companies. The PUB segment offers products and services to central ministries, municipalities and companies providing social infrastructure. The Partner segment offers specialized products and services in collaboration with partner companies. Other businesses include server services and others. The Company has two product groups, the equipment product group which is engaged in purchasing and sales of networks and platforms for ICT systems as well as service product group which provides support and services on equipment and systems.
NET ONE SYSTEMS CO., LTD. 
