SIOS Corporation Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended December 31, 2018; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2019
February 05, 2019 at 04:20 am EST
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SIOS Technology Inc. reported consolidated and non-consolidated earnings results for the fiscal year ended December 31, 2018. For the year, on consolidated basis, the company's net sales were JPY 12,799 million against JPY 12,470 million for the same period prior year. Operating income was JPY 290 million against JPY 320 million for the same period prior year. Net income was JPY 225 million or JPY 26.15 per basic share against net loss of JPY 587 million or JPY 68.11 per basic share for the same period prior year.
For the year, on non-consolidated basis, the company's net sales were JPY 991 million against JPY 6,896 million for the same period prior year. Operating income was JPY 120 million against JPY 328 million for the same period prior year. Net income was JPY 104 million or JPY 12.06 per basic share against net loss of JPY 614 million or JPY 71.26 per basic share for the same period prior year.
The company provided consolidated earnings guidance for the year ending December 31, 2019. For the year, the company expects net sales of JPY 13,200 million, operating income of JPY 200 million, profit attributable to owners of parent of JPY 140 million and net income per share of JPY 16.18.
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 Corporation Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended December 31, 2018; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2019