I-Net Corporation Announces Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2018
May 07, 2017
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I-Net Corporation announced consolidated earnings results for the year ended March 31, 2017. For the year, the company's net sales were JPY 24,617 million compared with JPY 24,434 million a year ago. Operating income was JPY 1,992 million compared with JPY 1,918 million a year ago. Ordinary income was JPY 1,939 million compared with JPY 1,838 million a year ago. Quarterly profit attributable to owners of parent company was JPY 1,314 million or JPY 82.68 per basic share compared with JPY 1,114 million or JPY 69.70 per basic share a year ago. Rate of return on equity was 10.7% compared with 9.4% a year ago. As on March 31, 2017, the company's net assets per share was JPY 797.79. Cash flows from operating activities were JPY 2,932 million compared with JPY 2,523 million a year ago.
For the first half of fiscal 2018, the company forecasts net sales of JPY 12,700 million, operating income of JPY 960 million, ordinary income of JPY 920 million, profit attributable to owners of parent company of JPY 610 million or JPY 38.37 per basic share.
For the year ending March 31, 2018, the company forecasts net sales of JPY 25,600 million, operating income of JPY 2,100 million, ordinary income of JPY 2,050 million, profit attributable to owners of parent company of JPY 1,360 million or JPY 85.54 per basic share.
I-NET CORP. is a Japan-based company mainly engaged in the provision of information technology processing services, system development services, the sale of system equipment. Information processing services include accounting and information processing contracts, credit data management, and delivery service to card companies; printing, processing and distribution of invoice, promotional direct mail; information technology managed services and cloud services, data entry, and business card printing. System development services include development and sale of core business software for finance, distribution, manufacturing, and government offices, embedded software, measurement and control software and package software; dispatch of staff, management consulting, the design, development, installation, operation and maintenance of information system. System equipment sales purchases and sells personal computers, point-of-sale, supplies, and package software, and provides operation guidance.
I-Net Corporation Announces Consolidated Earnings Results for the Year Ended March 31, 2017; Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2018